1448 Iola Street Aurora, CO 80010
Property includes 2, 640 SF of land in front of property perfect for development of a 3 story retail and multifamily development. Explore this exceptional investment package featuring three separate duplexes, each a reliable source of cash flow. The property boasts six spacious 2-bedroom, 1-bath units with established long-term tenants. Inside, recent upgrades include new countertops, cabinetry, paint, and appliances. Outside, tenants enjoy private patios and a sizable yard, along with seven off-street parking spaces. What sets this opportunity apart is the potential for further development—a three-story addition could enhance both cash flow and property value, offering flexibility for retail, residential, or a combination of both. Additionally, each duplex can be purchased separately, providing investors with even more options for customization and portfolio diversification. It's not just an investment; it's a practical step towards future growth. The Offering Memorandum is at the following Dropbox link: https://www.dropbox.com/scl/fo/fyc1mgnl76fumdprt8dps/AAo4wj1jKkRyCDPgPUtx4m0?rlkey=96u79hi1dx6uarrz28u2tw3id&st=wwt2nz60&dl=0
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyArapahoe
- Taxes$3,073
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID Number5028965
- Home Size Source N/A
- Year Built1952
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Asphalt
- Parking Spaces 5
- Sewer Public Sewer
- Property Sub Type Multi Family
- Garage Spaces 0
- Attached Garage No
Interior Features
- Fireplace No
Exterior Features
- Roof Composition
- Spa No
- Waterfront Property No
- Exterior Balcony