1408 Lima St, Aurora, CO 80010
- $441,500
- 4
- BD
- 2
- BA
- 1,714
- SqFt
Courtesy of Denver Property Team . alex@reframingrealestate.com,303-552-4804
Selling Office: HomeSmart.- Sold Price
- $441,500
- List Price
- $475,000
- Closing Date
- Mar 03, 2025
- Type
- Multifamily
- Status
- CLOSED
- MLS Number
- 7091909
- Finished Sqft
- 1,714
- Subdivision
- Zurchers Sub
- Year Built
- 1952
Property Description
Duplex for sale with 2, 2 bed/1 bath units for $480k! Also for sale next door is a 5 unit at 1440 Lima St for $1mil! Possible development play, rental play, house hacking play, lots of potential! City of Aurora Section 8 for a 2 bed is currently $2200/month per unit, and after utilities paid, would still pencil out an 8% cap rate with no property management. The units will need some reconfiguring to turn back into 2, 2 bed units. The current owner has been living there and made it work for their lifestyle by connecting both units together. The development play would involve buying the 5 plex next door and working with the City of Aurora to rezone. (Sellers property disclosure and the City of Aurora's Section 8 allowances in documents attached.)
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Additional Information
- School District
- Adams-Arapahoe 28J
- Elementary School
- Kenton
- Middle School
- Aurora West
- High School
- Aurora Central
- Basement
- Crawl Space
- Lot Size
- 7,667
- Acres
- 0.18
- Taxes
- $1,962
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