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$674,900
Est. payment /mo
7 Beds
3 Baths
3,024 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $223
Subdivision Aurora
MLS Listing ID 6840404
Style Traditional
Bedrooms 7
HOA Y/N No
Year Built 1955
Lot Size 6,350 Sqft
Acres 0.15
Property Sub-Type Triplex
Property Description
Exceptional investment opportunity in a high-demand Aurora location! This versatile income-producing property offers 3,024 sq ft with stable cash flow and immediate value-add potential. The building features long-term, reliable tenants who have occupied the property for 5+ years. With rents currently below market value, there is substantial upside potential to adjust rates to market levels and significantly boost your cap rate and overall return on investment. A standout feature of this property is the expansive basement with two separate entryways, allowing you to convert it into two fully separate, independent units for additional rental streams. Units are separately metered for gas and electric. Ideally situated near public transit, major thoroughfares, and central Aurora corridors. Whether you are looking to hold for long-term cash flow or execute a value-add strategy, 1612 Alton St delivers unmatched potential.
Location
State CO
County Adams
Rooms
Basement Finished
Interior
Heating Forced Air
Cooling Central Air
Appliance Dishwasher, Disposal, Microwave, Oven, Refrigerator
Exterior
Waterfront Description Public
Roof Type Composition
Private Pool No
Building
Lot Description Cul-De-Sac, Near Public Transit
Story One
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Elementary: Adams-Arapahoe 28J, Middle/Junior: Adams-Arapahoe 28J, High: Adams-Arapahoe 28J
Others
Tax ID R0094943
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byColdwell Banker Realty 18
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