1448 Iola Street Aurora, CO $ 1,600,000
1448 Iola Street
$ 1,600,000
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1448 Iola Street

Aurora, CO, 80010
$ 1,600,000
Baths0.0 Sq 5,472

Monthly Estimate*

$ 10,634

Listed by Pinnacle Real Estate Advisors
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Studio

Commercial Property for sale in Aurora, CO

for $1,600,000. This 5,472 square foot building was built in 1952.

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

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Commercial Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,073

Style

Year Built

1952

Town/City

Aurora

County/Region

Arapahoe

MLS | Web ID

5028965

Features
General
Sewer Public Sewer
Roof Composition
Exterior Features Balcony
Garage Spaces 0
Construction Materials Brick
Exclusions Tenants personal property.
Year Built 1952
Tenant Pays Electricity Gas
Property SubType Multi-Family
Tax Year 2022
Current Use Multi-Family
Gross Income 122205
County Arapahoe
Operating Expense 29084
Property Type Commercial Sale
Attached Garage N
Status Active
City Aurora
Buyer Agent Compensation 2
NumberOfUnitsTotal 6
Carport Spaces 0
Street Name Iola
Listing Terms Cash Conventional
Tax Annual Amount 3073
Standard Status Active
Occupancy Type Tenant (Multiple)
Cap Rate 5.82
Buyer Agent Compensation Type %
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Exterior
Parking Features Asphalt
Total Parking 5
Building Area Total 5472
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Interior
Street Suffix Street
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Internal Only
Street Number 1 1448
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* Excluded Features
List By
Pinnacle Real Estate Advisors

Broker

(303) 887-4955

Phone

Affordability Calculator

$10,890
Per Month
98%
2%
0%
Monthly Principal & Interest
$10,634
Monthly Property Taxes
$256
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/17/2024$1,600,000 Listed Price

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1448 Iola Street, Aurora, CO, 80010 is a Commercial Property for sale at $1,600,000 with 5,472 sqft. 1448 Iola Street is a studio with 0.0 baths and was built in 1952. The property's zip code is 80010 which is in Aurora, CO