Beth Erickson Sand at LIV Sotheby's International Realty
Denver Condo ManiaMLS: 4129731 $1,950,000
Bedrooms with Baths1129 AKRON STREET
AURORA CO 80010MLS: 4129731
Status: ACTIVE
List Price: $1,950,000
Price per SQFT: $0
Square Footage: 0Bedrooms
Baths
Year Built: 1957
Zip Code: 80010
Listing Remarks
1129 Akron Street is a 13-unit multifamily community located in Aurora, Colorado just to the north of the Lowry redevelopment and in close proximity to the Central Park neighborhood and Fitzsimons Medical Campus. The property consists of 11 one-bedroom units and two two-bedroom units, many with hard surface flooring and double-pane windows. Eight of the units have front and rear entrances with small backyards and are individually metered for gas and electricity while the other five units are master metered for gas and individually metered for electricity. Built in 1957, this U shaped building is primarily a brick and stucco exterior with a pitched asphalt shingle roof and a nice gated courtyard with in-ground sprinkler system. There are 12 off-street parking spaces to the rear of the building. An on-site coin operated laundry facility provides additional income. This property provides a potential buyer with a value-add opportunity by continued renovation and raising rents to market. The growth of the area with the redevelopment of Lowry Air Force Base directly south and the continued strength of the Central Park neighborhood to the north means that apartments in this area will continue to be in strong demand in the future. As the Fitzsimons Medical Campus to the east continues its growth, employment in the area will only increase, making employees there and in supporting businesses that much more likely to reach out into the surrounding area for rentals.
Address: 1129 AKRON STREET AURORA CO 80010
Listing Courtesy of MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES OF ATLANTA, INC.
Condo Mania Agent:
Beth SandLIV Sotheby's International Realty
Broker Associate
Phone: 720.353.2384
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2022-06-15 BUILDING AREA TOTAL: 7290 YEAR BUILT: 1957 TAXES: $9,365 ARCHITECTURAL STYLE: LowRise EXTERIOR FEATURES: SprinklerIrrigation LEGAL DESCRIPTION: N 1/2 26 ALL 27-30 & VAC 10 FT AKRON ST BLK 21 BROOKLYN EX REAR 8 FT LOT FEATURES: SprinklersInFront, Landscaped # GARAGE SPACES: 0 PROPERTY TYPE: CommercialSale PROPERTY SUB TYPE: MultiFamily NUMBER OF UNITS TOTAL: 13 LISTING AGENT: CLAYTON PRIMM LISTING OFFICE: MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES OF ATLANTA, INC.
Estimated Monthly Payments
List Price: $1,950,000 20% Down Payment: $390,000 Loan Amount: $1,560,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $9,860 Estimate does not include taxes, fees, insurance.
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Property Location: 1129 AKRON STREET AURORA CO 80010
This Listing
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Condo Mania Agent:
Beth SandLIV Sotheby's International Realty
Broker Associate
Phone: 720.353.2384
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Last Updated: 2023-03-21 07:22:32