Homes for sale - 1995 Akron ST, Aurora, CO 80010

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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$2,550,000

Est. payment - /mo

14,040 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,040 sqft

Price per Sqft $181

MLS Listing ID 5428901

HOA Y/N No

Year Built 1971

Annual Tax Amount $22,818

Tax Year 2023

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type Multi Family

Source recolorado

Property Description

1995 & 1997 Akron Street is a 20-unit apartment community located on the Denver/Aurora border next to Denver's popular Central Park neighborhood. The property is walking distance to schools, employment, public transportation, and the Stanley Marketplace. Built in 1971, both buildings are all-brick with pitched roofs. They have secured entry to an interior hallway. 1995 Akron Street is a two-story building with eight units - one studio and seven one-bedroom units. 1997 Akron Street is a three-story building with 12 units - one studio and 11 one-bedroom units. The units in each building share a floor plan.
All units are individually metered for electricity, which is paid by the tenants. There is a central boiler in each building that provides heat and hot water. Each building is master metered for gas and water/sewer, which is paid by the owner and currently included in the rent. Future owners may decide to bill these utilities back to the residents. Some of the units have been updated with vinyl plank flooring, while many still have carpet. There are on-site seller-owned laundry machines that provide additional income for the owner. There are 20 off-street parking spaces and 10 of these spaces have room for a tandem space, for a total of 30 spaces.
These properties have been well maintained by the same family for almost 30 years. There is rarely any vacancy and many long-term residents. A new owner has the opportunity to take over a turnkey asset with immediate upside in rental income.
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Location

State CO

County Adams

Interior

Fireplace N

Exterior

Roof Type Composition

Total Parking Spaces 20

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

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