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Buy a multi-family propertyat 58-62 Lima Street, Aurora, CO 80010

$1,075,000

$0/mo

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Multifamily

4,984 Sq. Ft.

11,195 Sq. Ft. lot

9 Bedrooms

0 Bathrooms

314 Days on market

6079271 MLS ID

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About 58-62 Lima Street 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

Property Access

Road Responsibility: "Public Maintained Road"

Appliances and Equipment

"Dishwasher", "Oven", "Refrigerator"

Basement

Basement

Basement: "Finished"

Bathrooms

6 Total Bathrooms

Bedrooms

9 Total Bedrooms

House

Above Grade Finished Area: 2492

Architectural Style: "Mid-Century Modern"

Below Grade Finished Area: 2492

Below Grade Unfinished Area: 0.00

Construction Materials: "Brick"

Entry Location: Ground

Levels: "One"

Living Area: 4984

Occupant Type: Tenant

Structure Type: "Triplex"

Total Area: 4984

Unit Count: 2

Year Built: 1972

Cooling

Cooling: "Central Air", "None"

Disclosures

Attribution Contact: melissa.farrar@compass.com,425-221-0712

Exclusions: Tenant's property, staging items, seller's personal property

Expenses

Operating Expense: $18,432

Projected Annual Expense: $18,432

Exterior Features

Patio And Porch Features: "Patio"

Floors

Flooring: "Carpet", "Laminate", "Tile"

Heating

Heating: "Forced Air"

Home Owner's Association

Association Fee Total Annual: $0

Association Fee Annual: 0.00

Association Fee 2 Annual Expense: 0.00

Association Fee 3 Annual Expense: 0.00

Income

Actual Annual Net Income: 49968.00

Gross Income: $68,400

Projected Annual Net Income: $71,568

Projected Gross Income: $90,000

Interior Features

Features: "Laminate Counters"

Listing

Listing Contract Date: 2023-06-23

Listing Id: REC6079271

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

Mls Status: Active

Original List Price: $1,075,000

Special Listing Conditions: "None"

Standard Status: Active

Status Change Timestamp: 2023-06-23 07:15:55

Location

City: Aurora

County Or Parish: Arapahoe

Postal Code: 80010

Subdivision Name: Lyn Acres #1

Lot

Acres: 0.26

Area: 11195

Parcel Number: 031124069

Square Feet: 11195

Energy Saving

Green Verification Count: 0

Owner Pays

Owner Pays: "Exterior Maintenance", "Taxes", "Trash Collection", "Water"

Ownership: Corporation/Trust

Parking

Carport Spaces: 0

Offstreet Spaces: 6

Parking Count: 1

Parking Total: 6

Reserved Spaces: 0

RV Spaces: 0

Property

Livable Structure Count: 0

Out Building Count: 0

Property Sub Type: Triplex

Roof

Roof: "Composition"

Schools

High School: Aurora Central

Middle Or Junior School: South

Elementary School: Lansing

High School District: Adams-Arapahoe 28J

Middle Or Junior School District: Adams-Arapahoe 28J

Elementary School District: Adams-Arapahoe 28J

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 3892

Legal Description: S 34 FT OF LOT 4 & N 49 FT OF LOT 5 BLK 5 LYN ACRES NO 1

Tax Year: 2022

Utilities

Power Production Count: 0

Utility Metering: Separate Electric,Separate Gas

Water Source: "Public"

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

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with an Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:38 p.m.

Data updated: Jun 23, 2023 at 2:03 p.m.

Courtesy of Compass - Denver
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This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

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