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$533334   Price Analysis
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1456 Iola St
Aurora, CO 80010
4 bed 2 bath 1495 SqFt ($356/SqFt)
0.26 acre lot. Built 1952
Listed 2024-05-17, Taxes $3241
Ⓧ USDA Ineligible
due to location

near Aurora

Please see the Offering Memorandum Dropbox Link: E xplore this exceptional investment package featuring three separate duplexes

Each a reliable source of cash flow. The property boasts six open 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 developmenta 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 divrsification. It's not an investment; it's a practical step towards future growth.


Presented by Christopher Mitton at
Pinnacle Real Estate Advisors.


Property MLS #3716429 from REcolorado

Bedrooms: 4

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: Forced Air

Lot Size Acres: 0.26
Lot Size Square Feet: 11488

Parking Total: 5

Elementary School: Kenton
Elementary School District: Adams-Arapahoe 28J
High School: Aurora Central
High School District: Adams-Arapahoe 28J
Middle School: Aurora West
Middle or Junior School District: Adams-Arapahoe 28J

Kenton Elementary School is a public elementary school located approximately 0.4 miles away.
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Aurora West College Preparatory Academy is a public middle and high school located approximately 0.4 miles away.
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Denver Street School-East Campus is a private high school located approximately 0.3 miles away.
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Gross Income: 40731.00
Tenant Pays: Electricity, Gas

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 3073.00
Source Listing Status: Active
County: Arapahoe
Tax Year: 2022
Source Property Type: Residential Income
Exclusions: Tenants personal property.
Source Neighborhood: Delmar Parkway
Owner Pays: Exterior Maintenance, Insurance, Taxes, Trash Collection, Water
Parcel Number: 031074681
Subdivision: Delmar Parkway
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$21557 + $10618
$32175
$3241
2020$13435 + $8008
$21443
$2232
2019$13435 + $8008
$21443
$3231
2018$6689 + $5760
$12449
$1316
2017$18441 + $16359
$34800
$3201
2016$8662 + $13088
$21750
$2043
2015$8662 + $13088
$21750
$1972
2014$7328 + $13088
$20416
$1922
2013$7328 + $13088
$20416
$1948
2012$unknown + $unknown
$20410
$1876
2010$unknown + $unknown
$20410
$1654
2008$6020 + $14400
$20420
$1518
2007$9800 + $9160
$18960
$1365

Listed 2024-05-17
$533334
REcolorado
Sold 2015-11-19
$360100
Public Record

Operating Expense: 9695.00
Operating Expense Includes: Insurance, Maintenance, Professional Management, Real Estate Tax, Utilities

Total Square Feet Living: 1495
Year Built: 1952
Above Grade Finished Area: 1495
Construction Materials: Brick
Levels: One
Property Age: 72
Roof: Composition
Structure Type: Duplex

Sewer: Public Sewer
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.