1391 Lima St, Aurora, CO 80010
- $1,200,000
Listing courtesy of Valerie Cannistraro.
3036181171
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 1045199
- Subtype
- Commercial Sale
- Year Built
- 1965
- Acres
- 0.14
- Subdivision
- Aurora Heights
- Neighborhood
- Metro15/AUN
- MLS Area Major
- Metro Denver
Property Description
Located in the heart of the rapidly growing Delmar Parkway neighborhood, this 8-unit multifamily is in a prime position to take advantage of Aurora's expected 40% growth by 2050. It's currently operating at a strong 6.5% actual cap rate, but simple adjustments like modest rent increases and adding a utility billback system would raise returns to at least 7.4%. With Anschutz Medical Campus just minutes away, this property is ideal for mid-term rentals catering to traveling nurses, providing the chance for even greater returns. Each unit has been updated with modern finishes and newer appliances, offering a turnkey experience for a new owner. Major recent upgrades include a 25-year Class 4 impact-resistant roof and a radon mitigation system completed in 2021. The building offers secure access, on-site laundry, and private basement storage for each unit. With a Walk Score of 83, tenants have easy access to restaurants, coffee shops, and grocery stores. With great cash flow and plenty of upside, this property is a rare find in one of Aurora's hottest neighborhoods.
Additional Information
- Taxes
- $8,004
- Zoning
- OA-RMU
- Appliances
- Fire Alarm
- Heating
- Radiator(s)
- Air Conditioning
- Window/Wall
- Roof
- Composition
- School District
- Adams-Arapahoe 28J
- Elementary School
- Kenton
- High School
- Aurora Central
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