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1161-1165 Dayton ST Aurora, CO 80010
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Key Details
Sold Price $719,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,089 sqft
Price per Sqft $232
Subdivision Judd Sub
MLS Listing ID 4995159
Bedrooms 7
Year Built 1957
Annual Tax Amount $4,270
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
Calling all investors and owner-occupants! This updated Aurora quadplex offers immediate income with clear upside and is priced to sell as-is. The property consists of four units total: three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing a strong and flexible unit mix. This is not a heavy rehab as the property has seen thoughtful updates throughout and is well maintained. One 2-bedroom unit is vacant, refreshed, and fully rent-ready, allowing a buyer to step in and immediately stabilize operations or utilize it as an owner occupant investment property. Once the vacant unit is leased, the property will operate at an estimated 6.1% cap rate, with a pro forma cap rate of approximately 8.2% at market rents, making this a compelling value-add opportunity without major construction risk. Two additional units are currently occupied by reliable tenants, and the remaining unit provides future upside as turnover occurs. Additional highlights include four reserved alley-loaded parking spaces and a central Aurora location within walking distance to The Parks at Del Mar Circle, City Park of Aurora, and the shopping and dining corridor along East Colfax. Well-located, updated multi-family assets with both immediate cash flow and strong pro forma returns are increasingly hard to find at this price point. Schedule your showing today!
Location
State CO
County Arapahoe
Interior
Heating Baseboard, Forced Air
Cooling Air Conditioning-Room
Flooring Carpet, Tile, Vinyl
Exterior
Exterior Feature Dog Run, Garden, Private Yard
Parking Features Concrete
Roof Type Composition
Building
Sewer Public Sewer
Structure Type Brick
Schools
Elementary Schools Boston K-8
Middle Schools Boston K-8
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Other
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Other
Special Listing Condition None
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