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$995,000

Est. payment - /mo

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6 Baths

8,459 SqFt

Active

728 Emporia Aurora, CO 80010

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Jerid Wempen

jwempen81@hotmail.com +1(720) 297-4020

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,459 sqft

Subdivision Yacovetta Sub

MLS Listing ID IRE1519634

Style Fixer-Upper

HOA Y/N No

Year Built 1944

Annual Tax Amount $4,371

Tax Year 2025

Lot Size 0.480 Acres

Acres 0.48

Source ires

Property Description

Great cash flow property with excellent up side income potential. Rare six unit building that backs to a nice park in a predominately single family home neighborhood. Five of the units have enclosed private back yards and there are several garage/storage units on the property. Four of the six units have been rented by the same tenant since before the building was last sold approximately sixteen years ago, and the other two units have each been rented by the same tenants for approximately ten years, providing an extremely consistent revenue base. Property consists of a stand alone 1 bedroom alley house, 2 two bedroom units, and 3 four bedroom (some bedrooms may be non-conforming) multi bath units. Based on the current rents and 2025 actual insurance, RE taxes, and utility costs, the units are projected to currently produce $91,100 in net cash flow before maintenance/debt costs. Current owner believes that there is a significant opportunity to increase the current rent rates in the units' current condition, and a much more meaningful opportunity to increase the overall rents and cash flow by updating each unit. Three of the units have separate entrances to the basement with potential to make separate additional apartments subject to zoning laws which Seller has not explored. Each of the units would benefit by updating, some significantly. The property is being sold as is in its current condition, although as noted below, Seller can provide financing to include financing updating costs. Seller is willing to finance 80% of the purchase price and 70% of approved updating costs for a qualified and approved buyer for up to nine months to allow a new buyer to potentially update units and improve the operating income before obtaining permanent financing. Asking price is for the property as is without any additional improvements or concessions paid for by the Seller. Please allow 7 days for acceptance.

Location

State CO

County Arapahoe

Community Yacovetta Sub

Area Metro Denver

Direction 6th Avenue to Fulton St., North to 7th Ave., West on 7th to Emporia, North to property.

Rooms

Basement Full, Partially Finished, Crawl Space

Interior

Heating Forced Air

Fireplaces Type None

Exterior

Parking Features Detached

Garage Spaces 2.0

Fence Partial

Utilities Available Separate Meter Electricity

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description House Faces West

Sewer Public Sewer

Water City

Architectural Style Fixer-Upper

Level or Stories Two

Structure Type Wood Siding

New Construction false

Schools

Elementary Schools Fulton

Middle Schools Aurora West

High Schools Adams-Arapahoe 28J

School District Adams-Arapahoe 28J

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Denise Weber

NEARBY SCHOOL & BUSINESS

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Jerid Wempen

Broker

+1(720) 297-4020