$1,200,000
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1391 Lima St Aurora, CO 80010
General Commercial
Residence
Beds
Baths
6,505
Sq. Ft.
0.14
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
Located in the heart of the rapidly growing Delmar Parkway neighborhood, this 8-unit multifamily is in a prime position to take advantage of Aurora's expected 40% growth by 2050. It's currently operating at a strong 6.5% actual cap rate, but simple adjustments like modest rent increases and adding a... utility billback system would raise returns to at least 7.4%. With Anschutz Medical Campus just minutes away, this property is ideal for mid-term rentals catering to traveling nurses, providing the chance for even greater returns. Each unit has been updated with modern finishes and newer appliances, offering a turnkey experience for a new owner. Major recent upgrades include a 25-year Class 4 impact-resistant roof and a radon mitigation system completed in 2021. The building offers secure access, on-site laundry, and private basement storage for each unit. With a Walk Score of 83, tenants have easy access to restaurants, coffee shops, and grocery stores. With great cash flow and plenty of upside, this property is a rare find in one of Aurora's hottest neighborhoods.
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MLS#
1045199
Property Type
General Commercial
Year Built
1965
Square Feet
6,505
sq. ft
Lot Size
0.14
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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