8960 E 12th Avenue, Aurora, 80010

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8960 E 12th Avenue

Aurora, 80010

Pending

$650,000

Pending

Beds

Baths

2,130

Sq.Ft.

0.15

Acres

MLS# 6399998

Cumulative Days on Market: 29 (since March 29th, 2024) Data provided by the MLS.

Property Details

* * UNIQUE INVESTMENT OPPORTUNITY TO PURCHASE 1 QUADRAPLEX OR ALL 3 THAT ARE SIDE BY SIDE!! * * 1183 Akron St, 1193 Akron St, 8960 E 12th Ave.This property offers four separate units; 3 1 bed, 1 bath units and one 2 bedroom, 1 bathroom unit. Ideal for long-term tenants seeking comfortable living spaces. This is an awesome opportunity for a newer investor, or a seasoned investor looking to build their portfolio!Key features of this property include:- Newer roof - Sewer lines just cleaned- Ample parking available at the rear of the units and plenty of street parking, providing hassle-free accommodation for residents.Currently, all units are fully leased to long-term tenants, offering immediate income generation for the savvy investor. Additionally, there is significant potential for future appreciation, with a 53-unit townhome development underway just a couple of blocks away, promising increased property values in the near future.This presents a unique opportunity for investors interested in purchasing either a single quadraplex or all three adjacent units, with the potential for a SUBSTANTIAL discount for those acquiring multiple properties. All units are priced below market value, making this an attractive proposition for investors seeking value and growth. Currently units are leased below market value as the seller has not increased rent in years and most tenants have been there for many years (and would like to continue to do so).

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Property Highlights

Price

$650,000

Property Type

Residential

Property Sub Type

Single Family Residence

Architectural Style

Traditional

Total Bathrooms

Year Built

1955

Acres

0.15

Location

County

Arapahoe

Subdivision

Old Aurora

Property Details

Condition

Fixer

Price

$650,000

Property Sub Type

Single Family Residence

Property Type

Residential

Building

Levels

One

Structure Type

Quadruplex

Total Area

2,130

Community

Local Schools

Elementary School

Boston K-8

High School

Aurora Central

Middle School

Boston K-8

School District

Adams-Arapahoe 28J

Interior Features

Bedrooms and Bathrooms

Bathrooms on Main Level

Bedrooms

Bedrooms on Main Level

Full Bathrooms

Total Bathrooms

Area and Spaces

Above Grade Finished Area

2,130

Living Area

2,130

Number of Units

Appliances

Dishwasher, Disposal, Microwave, Oven, Refrigerator

Interior Features

Flooring

Laminate

Interior Features

Laminate Counters

Heating and Cooling

Heating Features

Wall Furnace

Building Details

Construction

Architectural Style

Traditional

Year Built

1955

Materials

Construction Materials

Adobe, Brick, Wood Siding

Roof

Composition

Terms

Contingency

None Known

Exclusions

Tenants personal property

Ownership

Corporation/Trust

Special Conditions

None

Special Terms

1031 Exchange, Cash, Conventional

Taxes

Tax

Tax (Annual)

$3,277

Heating, Cooling & Utilities

Cooling Features

Central Air

Utilities

Sewer

Public Sewer

Utilities

Electricity Available

Water Source

Public

Lot

Acres

0.15

Lot Size

0.15

Lot Size Area Sq Ft

6,534

Exterior Features

Fencing

None

Parking

Parking Features

Concrete

Total Parking Spaces

Listed by Marrs Realty And Management, audri@marrsrealtymgmt.com, 720-291-9004.

Listing Data last updated 04/25/2024 05:16 PM

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Property History

18 days ago

Property information last updated

29 days ago

Status Active. This is the date the listing was placed on market.

NOTE: Cumulative Days on Market: 29. Data provided by the MLS.

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Listings courtesy of REcolorado as distributed by MLS GRID IDX 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. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 04/25/2024 05:16 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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Listing Data last updated: 04/25/2024 05:16 PM

8960 E 12th Avenue - MLS#6399998 - $650,000

Listed by Marrs Realty And Management

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Ideal for long-term tenants seeking comfortable living spaces. This is an awesome opportunity for a newer investor,  or a seasoned investor looking to build their portfolio!Key features of this property include:- Newer roof - Sewer lines just cleaned- Ample parking available at the rear of the units and plenty of street parking,  providing hassle-free accommodation for residents.Currently,  all units are fully leased to long-term tenants,  offering immediate income generation for the savvy investor. Additionally,  there is significant potential for future appreciation,  with a 53-unit townhome development underway just a couple of blocks away,  promising increased property values in the near future.This presents a unique opportunity for investors interested in purchasing either a single quadraplex or all three adjacent units,  with the potential for a SUBSTANTIAL discount for those acquiring multiple properties. 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Location

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Local Schools

Interior Features

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Area and Spaces

Appliances

Interior Features

Heating and Cooling

Building Details

Construction

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