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listing
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Single FamilyFor Sale
$850,000
1440 Lima Street
Aurora, CO 80010
Listed by: Denver Property Team, 303-552-4804
MLS: REcolorado
4,000Sq Ft
Est. Mortgage
$4,488/mo

So many options on this multifamily! Currently 5 units, 4, 1 bed units and 1, 2 bed unit, with a basement at the end of the building not currently being utilized. Option to make the basement a part of the 2 bed unit making it into a 4 bed, or, create a whole new unit as it has it's own entrance into the basement, making it a 6 unit. Currently under rented at $1300/unit. If you turn into section 8, Aurora is at $1800/1 bed unit/month and $3225/4 bed unit with converting the basement. Current cap rate at a $900k purchase price is over 6%. (Docs attached for the City of Aurora's Section 8 allowances.) All units are on month to month verbal leases.

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Information courtesy of Denver Property Team is subject to verification and is not guaranteed.
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