Homes for sale - 1391 Lima St, Aurora, CO 80010

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Alissa Rhoades

arhoadeshome@gmail.com +1(970) 646-1925

$ 1,200,000

Est. payment | -/mo

6,505 SqFt

Save

$ 1,200,000

Est. payment | -/mo

Save

6,505 SqFt

Key Details

Property Type Commercial

Sub Type Sale: Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 6,505 sqft

Subdivision Aurora Heights

MLS Listing ID 1045199

HOA Y/N false

Abv Grd Liv Area 6,505

Year Built 1965

Annual Tax Amount $8,004

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Sale: Commercial/Industrial

Source IRES MLS

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.

Location

State CO

County Arapahoe

Area Metro Denver

Zoning OA-RMU

Rooms

Basement None

Interior

Heating Radiator

Cooling Window Unit(s)

Exterior

Parking Features Paved

Utilities Available Natural Gas Available, Electricity Available

Roof Type Composition

Street Surface Paved

Building

Lot Description Near Public Transit, Corner Lot, Level

Building Description Brick/Brick Veneer, Storage on Site

Sewer City Sewer

Water City Water, City

Structure Type Brick/Brick Veneer

New Construction false

Schools

Elementary Schools Kenton

High Schools Aurora Central

School District Adams-Arapahoe 28J

Others

Senior Community false

Tax ID 197302216024

SqFt Source Assessor

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Valerie Cannistraro • LoKation Real Estate • 3036181171

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(970) 646-1925

arhoadeshome@gmail.com

Learn More About LPT Realty