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$685,000

For Sale - Active
1143 Akron St, Aurora, CO 80010
5 Beds
4 Baths
2,245 Square Feet
0.15 Acres Lot
Built in 1957
For Sale - Active
4 Units
Checked: 10 hours ago
Updated: May 20, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$2,960
Cap Rate
1.1%
Cash-on-Cash Return
-22.5%
Debt Coverage Ratio
0.17
Internal Rate of Return (5 years)
-17.8%

Property Description


0.15 Acres Lot
Built in 1957
For Sale - Active
4 Units

Don't miss out on this fully occupied, well maintained quadplex! This is a great investment for someone who wants to buy something and not have to put a lot of work into it. However, there is still room for value add if you want to improve all units to be better than rental grade. This building is tucked away in a good neighborhood that is in the path of development. Close to a grocery store, restaurants, and basically anything that you may need. All lease information is above. Residents are great! This property has performed really well for years. Washer and dryers are negotiable! More pictures are available upon request as are financials/pro-forma/leases. Please reach out to the co-listing agent, Andrew Guterman, for more information - 310-991-6277 - [email protected].

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Composition

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Apartments (general)

Lot Information

  • Parcel ID: 197303235009
  • Lot Size: 6708 sqft

Property Information

  • Property Type: Quadruplex
  • Style: Traditional
  • Year Built: 1957

Tax Information

  • Annual Tax: $3,242

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: None

Location

  • County: Arapahoe

Listing Details


Listed by:
Michael Hills
Atlas Real Estate Group
(720) 220-8500

Source:
REColorado
MLS#: 7364856
REColorado

Investment Summary


Monthly Cash Flow
-$2,960
Cap Rate
1.1%
Cash-on-Cash Return
-22.5%
Debt Coverage Ratio
0.17
Internal Rate of Return (5 years)
-17.8%

Purchase Details

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Purchase price:
$685,000
Amount financed:
-$548,000
Down payment:
$137,000
Closing costs:
$20,550
Rehab costs:
$0
Initial cash invested:
$157,550
Square feet:
2,245
Cost per square foot:
$305
Monthly rent per square foot:
$0.58

Financing Details

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Loan amount:
$548,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,587
Property tax:
$270
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,948

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$270-$3,242
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$595-$7,142

Cash Flow


Monthly Yearly
Net operating income:
$627 $7,524
Mortgage payments:
-$3,587 -$43,044
Cash flow:
$2,960 $35,520