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$687,500
Est. payment /mo
12 Beds
10 Baths
4,250 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 4,250 sqft
Subdivision Delmar Parkway
MLS Listing ID 5114871
Style Ranch
Bedrooms 12
HOA Y/N false
Abv Grd Liv Area 4,250
Year Built 1955
Annual Tax Amount $1,830
Property Sub-Type Income Property
Source REcolorado
Property Description
1159-1175 Akron Street can be purchased together or separately. Cushman & Wakefield is pleased to present a rare turnkey multifamily investment opportunity in the heart of Aurora, Colorado. Located at 1159-1175 Akron Street, this offering consists of two 5-unit buildings totaling 10 fully renovated apartment homes. With a strong inplace rent roll, minimal capital expenditure requirements, and a desirable unit mix, this asset is perfectly positioned for both cash flow-focused investors and 1031 exchange buyers. The property features (8) one-bedroom / one-bath units and (2) two-bedroom / one-bath units, each thoughtfully upgraded with modern finishes including new kitchens, baths, flooring, and fixtures. These renovations not only appeal to today's discerning renters but also support strong market rents and reduce ongoing maintenance requirements. 1159-1175 Akron is located in an established, high-demand neighborhood within Aurora's federally designated Opportunity Zone, near key economic hubs including Lowry and Fitzsimons. This area continues to benefit from strong rental demand, job growth, and urban revitalization, making it a strategic long-term hold. Priced below recent comparable sales, 1159-1175 Akron Street offers built-in equity and long-term upside in a supply-constrained market. With its updated interiors, strong location, and compelling financials, this is an ideal low-maintenance, high-yield investment for the savvy multifamily buyer.
Location
State CO
County Arapahoe
Area Metro Denver
Interior
Heating Hot Water
Exterior
Garage Spaces 4.0
Roof Type Fiberglass
Building
Story 1
Sewer City Sewer, Public Sewer
Level or Stories One
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Fulton
Middle Schools Boston K-8
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community false
Special Listing Condition Private Owner
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Listed by Nic Polaski • Cushman & Wakefield • Nic.Polaski@cushwake.com,719-238-9074