$783,000
$800,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
383 Geneva ST Aurora, CO 80010
8 Beds
4 Baths
3,466 SqFt
Key Details
Sold Price $783,000
Property Type Other Types
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,466 sqft
Price per Sqft $225
Subdivision Sunnyvale
MLS Listing ID 4237293
Sold Date 10/18/21
Style Quadruplex
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,466
Year Built 1981
Annual Tax Amount $3,574
Tax Year 2020
Contingent None Known
Property Description
Great opportunity to own a well-kept fourplex in Aurora! This property has month to month leases on all units, which may be renewed or the units may be vacated to raise rent up to market value. Current rents have not been changed in roughly 6 years, and are at $1,000/mo. Market rent value is estimated at $1300/mo. Please see attached in supplements rental comp report, identical fourplex units neighbor this property on both sides, and comparable rental values were taken from those. Nearby, similar property rents section 8 for 1400/mo.
Massive development just across the street will add value and desirability to this area, part of the Havana North urban renewal plan (PDF attached in supplements)
Property can be rented to section 8 tenants, the identical neighboring 4plex rents for 1400/door on section 8. See attached for section 8 rates.
Location
State CO
County Arapahoe
Interior
Heating Forced Air
Appliance Dryer, Dishwasher, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Roof Type Composition
Attached Garage false
Total Parking Spaces 8
Garage false
Building
Unit Location No Common Walls
Level or Stories Multi/Split
Structure Type Brick
New Construction No
Schools
Elementary Schools Fulton
Middle Schools Aurora West
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community false
Tax ID 031109531
Ownership Corporation/Trust
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Financing Conventional
Special Listing Condition None
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