CO > Aurora > Highland Park
Aurora, CO 80010,11036 E 4th Way
Aurora, CO 80010,11036 E 4th Way
Aurora, CO 80010,11036 E 4th Way
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Kelly Myers

Kelly Myers

+1(720) 340-7683
$1,090,000
Est. payment /mo
8 Beds
4 Baths
3,692 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 3,692 sqft

Subdivision Highland Park

MLS Listing ID 2465236

Style Ranch

Bedrooms 8

HOA Y/N false

Abv Grd Liv Area 3,692

Year Built 1965

Annual Tax Amount $3,114

Property Sub-Type Income Property

Source REcolorado

Property Description

Investor opportunity in Aurora West! 11036 & 11038 E 4th Way is a duplex configured as four fully rentable units, each with its own kitchen and bath, generating an annual rent roll of $82,200 and a NOI of $73,282 (~6.7% cap rate at list price). Residents pay for gas, electric, trash, internet, and cable, with the exception of one unit (11038-A) where the owner currently covers water under a prior lease. The building is on one water meter and split between two electric meters (one per address). Property taxes are just $3,114 annually and insurance is approximately $2,000/year. Originally built in 1965, the property was fully remodeled in 2021/2022 with major capital improvements since, including a brand-new Class 4 impact-resistant roof (2025), furnaces for basement units (2022), Bosch high-efficiency mini-split systems in main level units (2023/2024), new A/C for basement units (2022), new washer/dryer (2024), sewer and drain line replacement (2023), and a new dishwasher (2023). With 3,692 SF on a 7,449 SF lot, strong rental demand, and stable residents in place - this is a great opportunity! Zoned and taxed as a duplex but operating as four units, it's an ideal addition for portfolio investors and 1031 exchange buyers.

Location

State CO

County Arapahoe

Area Metro Denver

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Cooling Central Air

Appliance Refrigerator, Washer, Dryer, Microwave

Exterior

Utilities Available Natural Gas Available

Roof Type Composition

Building

Story 1

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories One

Structure Type Brick/Brick Veneer,Other,Concrete

New Construction false

Schools

Elementary Schools Lansing

Middle Schools South

High Schools Aurora Central

School District Adams-Arapahoe 28J

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by Kelsey Lawless • Joy of the Rockies Realty • kelsey@joyoftherockiesrealty.com,720-454-4301
agent
Kelly Myers

Broker Associate

+1(720) 340-7683 | kellymyershomes@gmail.com

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