1448 Iola Street, Aurora

$1,600,000

0 Beds
0 Baths
5,472 Sqft
0 Acres
0 Garages

Property includes 2,640 SF of land in front of property perfect for development of a 3 story retail and multifamily development.
Explore this exceptional investment package featuring three separate duplexes, each a reliable source of cash flow. The property boasts six spacious 2-bedroom, 1-bath units with established long-term tenants. Inside, recent upgrades include new countertops, cabinetry, paint, and appliances. Outside, tenants enjoy private patios and a sizable yard, along with seven off-street parking spaces. What sets this opportunity apart is the potential for further development—a three-story addition could enhance both cash flow and property value, offering flexibility for retail, residential, or a combination of both. Additionally, each duplex can be purchased separately, providing investors with even more options for customization and portfolio diversification. It's not just an investment; it's a practical step towards future growth.
The Offering Memorandum is at the following Dropbox link: https://www.dropbox.com/scl/fo/fyc1mgnl76fumdprt8dps/AAo4wj1jKkRyCDPgPUtx4m0?rlkey=96u79hi1dx6uarrz28u2tw3id&st=wwt2nz60&dl=0

Essential Information
MLS® #5028965
Price$1,600,000
Bathrooms0.00
Square Footage5,472
Acres0.00
Year Built1952
TypeCommercial Sale
Sub-TypeMulti-Family
StatusActive
Community Information
Address1448 Iola Street
CityAurora
CountyArapahoe
StateCO
Zip Code80010
Exterior
Exterior FeaturesBalcony
RoofComposition
Additional Information
Date ListedMay 17th, 2024
Parking Spaces5
ParkingAsphalt
Listing Details
OfficePinnacle Real Estate Advisors
LISTING MAP

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