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Buy a multi-family propertyat 58 Lima St, Aurora, CO 80010

$1,075,000

$0/mo

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Multifamily

4,984 Sq. Ft.

11,195 Sq. Ft. lot

315 Days on market

6079271 MLS ID

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About 58 Lima St multi-family property

Introducing an exceptional investment opportunity in Aurora, Colorado! This triplex offers an array of enticing features and benefits for astute investors seeking steady income and potential capital appreciation. Situated in close proximity to the renowned Anschutz Campus, this property guarantees a favorable location for attracting tenants and ensuring a high demand for housing. With post-renovation stabilized rents projected at $2,500 per month, this triplex provides a secure and reliable rental income stream. Two of the units are currently rented, providing an immediate and guaranteed return on investment. Furthermore, the third unit has undergone extensive renovations and is now ready to welcome a tenant at a projected market rent of $2,500, amplifying the potential for increased profitability. Each unit within this triplex features a spacious layout encompassing three bedrooms and two bathrooms, ideal for accommodating families and professionals seeking ample living space. The mid-century architecture with brick accents exudes a timeless appeal, combining aesthetics with functionality. Additionally, the property boasts outdoor space and convenient parking, enhancing the overall desirability for tenants. Recently painted and landscaped, the exterior of the triplex exudes a fresh and welcoming ambiance, further increasing its curb appeal. This investment opportunity showcases remarkable potential for a strong cap rate when rented at market rates, currently estimated at 6.6 percent. Don't miss out on this incredible chance to invest in a thriving market. Aurora, Colorado presents a promising real estate landscape, and this triplex is perfectly positioned to capitalize on the region's growth. Act now and seize the potential for long-term financial success and stability. Contact us today to explore this remarkable opportunity further!
Introducing an exceptional investment opportunity in Aurora, Colorado! This triplex offers an array of enticing features and benefits for astute investors seeking steady income and potential capital appreciation. Situated in close proximity to the renowned Anschutz Campus, this property guarantees a favorable location for attracting tenants and ensuring a high demand for housing. With post-renovation stabilized rents projected at $2,500 per month, this triplex provides a secure and reliable rental income stream. Two of the units are currently rented, providing an immediate and guaranteed return on investment. Furthermore, the third unit has undergone extensive renovations and is now ready to welcome a tenant at a projected market rent of $2,500, amplifying the potential for increased profitability. Each unit within this triplex features a spacious layout encompassing three bedrooms and two bathrooms, ideal for accommodating families and professionals seeking ample living space. The mid-century architecture with brick accents exudes a timeless appeal, combining aesthetics with functionality. Additionally, the property boasts outdoor space and convenient parking, enhancing the overall desirability for tenants. Recently painted and landscaped, the exterior of the triplex exudes a fresh and welcoming ambiance, further increasing its curb appeal. This investment opportunity showcases remarkable potential for a strong cap rate when rented at market rates, currently estimated at 6.6 percent. Don't miss out on this incredible chance to invest in a thriving market. Aurora, Colorado presents a promising real estate landscape, and this triplex is perfectly positioned to capitalize on the region's growth. Act now and seize the potential for long-term financial success and stability. Contact us today to explore this remarkable opportunity further!

Property details

House

Above Grade Finished Area: 2492

Architectural Style: "Contemporary/Modern", "Ranch"

Below Grade Finished Area: 2492

Building Area Total: 4984

Construction Materials: "Brick/Brick Veneer"

Lower Sq Ft: 2492

Total Sq Ft: 4984

Living Area: 4984

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 1

Year Built: 1972

Appliances and Equipment

Appliances: "Dishwasher", "Refrigerator"

Basement

Basement: "90%+ Finished Basement"

Bathrooms

Bathrooms Total Integer: 6

Baths Full Additional: 0

Baths Full Basement: 0

Baths Half Additional: 0

Baths Half Basement: 0

Baths Three Quarters Additional: 0

Baths Three Quarters Basement: 0

Baths Three Quarters Lower: 0

Baths Three Quarters Upper: 0

Bedrooms

Bedrooms Total: 9

Location

City: Aurora

Country: US

County Or Parish: Arapahoe

Locale: Aurora

Latitude: 39.716999

Longitude: -104.859268

MLS Area Major: Metro Denver

Postal Code: 80010

State Or Province: CO

Street Additional Info: 62

Street Name: Lima

Street Number: 58

Street Suffix: St

Subdivision Name: Lyn Acres #1

Unparsed Address: 58-62 Lima St Aurora CO 80010

Cooling

Cooling: "Central Air"

Cooling YN: t

Garage

Covered Spaces: 6

Garage Spaces: 6

Garage YN: t

Garage Type: Off Street

Utilities

Electric: "Separate Meter Electricity"

Gas: "Separate Meter Gas"

Schools

Elementary School: Lansing

High School: Aurora Central

High School District: Adams-Arapahoe 28J

Middle Or Junior School: South

Income

Gross Income: 68400

Net Operating Income: 49968

Heating

Heating: "Forced Air"

Heating YN: t

Property

Crops: None

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

Taxes

Has Metro Tax District: No

Tax Annual Amount: 3892

Tax Year: 2022

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 215.69

Listing Id: 6079271

Listing Terms: "Cash", "Conventional", "1031 Exchange"

List Price: 1075000

Mls Status: Active

Number Of Units Total: 3

Standard Status: Active

Lot

Lot Size Acres: 0.26

Lot Size Area: 11195

Lot Size Square Feet: 11195

Lot Size Units: Square Feet

Expenses

Operating Expense: 18432

Exterior Features

Patio And Porch Features: "Patio"

Monthly cost

Estimated monthly cost

$6,626/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,010,500

+$32,250

$1,042,750

Seller agent commission$32,250 (3%)*

$0 (0%)

Buyer agent commission$32,250 (3%)*

$32,250 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $32,250 more selling your home
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Unreal Estate checked: May 2, 2024 at 5:06 p.m.

Data updated: Jun 23, 2023 at 1:44 p.m.

Courtesy of Melissa Farrar, Compass - Denver
This content last updated on 06/23/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © IRES 2024. All Rights Reserved.

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