Property Back to Results Property

1408 Lima St, Aurora, CO 80010

$441,500
: 4
BD
: 2
BA
: 1,714
SqFt

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

Sold Price: $441,500
List Price: $475,000
Closing Date: Mar 03, 2025
Type: Multifamily
Property Sub Type: Duplex
Status: CLOSED
MLS Number: 7091909
Bedrooms: 4
Bathrooms: 2
Sqft Total: 1,714
Year Built: 1952

Refine Search

Property Description

Duplex for sale with 2, 2 bed/1 bath units for $480k! Also for sale next door is a 5 unit at 1440 Lima St for $1mil! Possible development play, rental play, house hacking play, lots of potential! City of Aurora Section 8 for a 2 bed is currently $2200/month per unit, and after utilities paid, would still pencil out an 8% cap rate with no property management. The units will need some reconfiguring to turn back into 2, 2 bed units. The current owner has been living there and made it work for their lifestyle by connecting both units together. The development play would involve buying the 5 plex next door and working with the City of Aurora to rezone. (Sellers property disclosure and the City of Aurora's Section 8 allowances in documents attached.)

(303) 522-8226

Search All Properties

Additional Information

Lot Size Acres: 0.18
Lot Size Sq Ft: 7,667
Tax Amount: $1,962
Exterior Features: Private Yard
Water Source: Public
Sewer: Public Sewer
Basement Type: Crawl Space
Heating: Forced Air, Natural Gas
Cooling: Central Air
School District: Adams-Arapahoe 28J
Elementary School: Kenton
Middle Or Junior School: Aurora West
High School: Aurora Central