18193 E Kentucky Ave Unit 204, Aurora, CO 80017

$219,964
3
BD
2
BA
1,177
SqFt

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List Price
$219,964
Type
Condo
Property Sub Type
Condominium
Status
ACTIVE
MLS Number
9898026
Bedrooms
3
Bathrooms
2
Sqft Total
1,177
Year Built
1982

Property Description

9% cap rate at Robinwood. I dare you to find better a better investment property than this. Approx. $23,500 annual net income at current occupancy, with a long-term tenant in place paying $2,800 per month and intends to stay. Renovated units here are still selling around $235K-$255K in this softer market and sold above $275K just a few years ago. Hold for cash flow now now. Remodel and sell later when the timing makes sense. Win-Win... Nearly 1,200 SF, 3 BR, 2 BA, fireplace and 2 assigned parking spaces. These places are golden after a remodel. PHOTOS ARE EXAMPLES ONLY and are not representative of the current condition of this tenant-occupied unit.

Additional Information

Tax Amount
$1,847
Exterior Features
Balcony
Water Source
Public
Sewer
Public Sewer
Heating
Forced Air
Cooling
Central Air
School District
Adams-Arapahoe 28J
Elementary School
Arkansas
Middle Or Junior School
Mrachek
High School
Gateway
Unit Number
204

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Courtesy of LoKation . Matt@DenverRealtyGuru.com,720-266-8040