1193 Akron Street

Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! We now have two fully occupied cash-flowing 4plexes for $590k each that are right next to each other. One building has one 2bed/1bath & three 1bed/1 bath units and the other 4plex has four 1bed/1bath units with a common area laundry for potential additional laundry income. Here's where the value-add comes into play: currently rents are averaging about $850 in the Denver metro which is unheard of. Market rents are $1100-1200/month++ for 1-bedroom and $1300-1400/month for the 2-bedroom unit. Will update as year leases expire and are renewed at a higher rate. Conveniently located with strong rental demand, these properties offer steady income potential. Now willing to selling buildings individually. Act fast to capitalize on serious value-add potential - 8960 E 12th already sold for $620k on 6/25/24.

Listing Office: MODestate