Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! This is a fully occupied cash-flowing 4plex for $590k with one 2bed/1bath & three 1bed/1 bath units. The two bedroom unit even has an unfinished basement with separate exterior entrance! Here's where the value-add comes into play: one of the units is currently only renting for $775 and the 2 bedroom is only renting for $880, which is unheard of for a rental in the Denver Metro. These will be renewed prior to 3/31/25 for $1,100 and $1,400+. The other two units have already been renewed at $1,100. Conveniently located with strong rental demand, these properties offer steady income potential. Now is the time to act to get a cash-flowing 4plex for a low price before rents increase and the value increases. We originally had 3 side-by-side 4plexes with 1183 Akron, 1193 Akron, and 8960 E 12th, which already sold for $620k on 6/25/24. 1193 Akron Street is also $590k and already has 4 units leased at $1,100 and a common area laundry room with laundry income potential (but no 2nd bedroom unit).
Last Agent to Sell the Property
MODestate Brokerage Phone: 303-250-5090 License #100069146
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Listing and Financial Details
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| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $590,000 | 0.0% | $261 / Sq Ft |
| 08/19/2024 08/19/24 | Price Changed | $590,000 | -1.7% | $261 / Sq Ft |
| 08/01/2024 08/01/24 | Price Changed | $600,000 | -0.8% | $265 / Sq Ft |
| 08/01/2024 08/01/24 | Price Changed | $605,000 | -0.7% | $267 / Sq Ft |
| 07/05/2024 07/05/24 | Price Changed | $609,000 | -0.1% | $269 / Sq Ft |
| 06/28/2024 06/28/24 | Price Changed | $609,500 | -0.1% | $269 / Sq Ft |
| 05/13/2024 05/13/24 | For Sale | $610,000 | +12.6% | $270 / Sq Ft |
| 04/30/2024 04/30/24 | Sold | $541,667 | -16.7% | $239 / Sq Ft |
| 04/30/2024 04/30/24 | Pending | -- | -- | -- |
| 04/30/2024 04/30/24 | For Sale | $650,000 | -- | $287 / Sq Ft |
$590,000
Rare opportunity for a currently cash flowing investment property in the Denver Metro! This is a fully occupied cash-flowing 4plex with four 1bed/1bath units and a common area laundry for potential additional laundry income. All 4 units have great tenants paying $1,100 a month with year long leases. Value-add potential to update units to get upwards of $1,300+ a month. Conveniently located with
Phillip Bicker MODestate
$600,000
Do not miss out on this 3-plex. Great location close to restaurants, shopping, and Lowry campus. Laundry room in top units. Fully rented. A clean offer and a quick close are preferred. Non Buyer and buyer agent are responsible to verify all information on this property. No showings without a contract. This is an investment property and subject to an existing lease. This property is part of a
Rich Davis Rd Realty LLC
$600,000
Fantastic triplex for sale. This property is near the Fitzsimmons medical complex and Lowry. This triplex features two bedroom one bath units with spacious yards. Plenty of offstreet parking. Don’t let this opportunity pass you by! The units have been well designed maximizing square footage, from when you enter the units you are greeted with a great living room, updated kitchen two spacious
Michael Le Keller Williams Real Estate LLC
$520,000
Great Income opportunity! Some Interior updates have been made, tenants are comfortable and ideally would love to stay!! Recent exterior updates include newer roof and gutters, new metal fencing along the front side of the property. All leases are currently month - month. Units are separately addressed and metered for gas and electric. Basement unit bedrooms are conforming with 2 egress windows.
Denise Weber Colorado Realty Resource
$645,000
Turn key income producing property with solid tenants in place. Units recently updated, brand new roof December 2024.
Brett Zuckerman Madison & Company Properties
$675,000
Prime Triplex Investment Opportunity in a Fantastic Location!Don’t miss this perfect triplex featuring three well-maintained units in a highly sought-after location! This property includes:Two units with 2 bedrooms, 1 bathroom eachOne spacious unit with 3 bedrooms, 1 bathroomWhether you’re an investor looking for strong rental income or a homeowner seeking to live in one
Brittny Castillo H&CO Real Estate LLC
$574,990
Calling all investors or house hackers! True triplex located in the heart of Aurora. Live in one unit and rent out the other two, or else purchase and rent out all 3 units. Property consists of a 2br/1ba single family home at the front of the property and then a duplex in the rear of the property consisting of two 1br/1ba units. Both buildings come with off street parking (front and alleyway) and
Taylor Simmons Hatch Realty, LLC
$600,000
Great rental, close to schools, shopping, light rail, bus and restaurants. Good rents, good area. Between Mississippi and Iliff off Sable. The Buyer and buyer agent are responsible to verify all information on this property. No showings without a contract. This is an investment property and subject to an existing lease. This property is part of a portfolio, so ask about other properties.
Rich Davis Rd Realty LLC
$515,000
This is a turnkey rental property in Cherry Creek School District. New tenants just moved in, and there is a valid lease in place until September 30, 2025. Take advantage of the dropping interest rates to pick up this hassle-free investment property, with a management company in place to handle any potential headaches. We welcome and look forward to working with 1031-exchanges. Please do not
John Keene Corcoran Perry & Co.
Source: REcolorado®
MLS Number: 8641652
APN: 1973-03-2-24-010
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