Veterans United Realty
24 Photos

1408 Lima Street, Aurora, CO 80010

$480,000 Asking Price

4 beds
2 baths
1,714  sqft
Built in 1952

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.)

Listing Status:
Active
Date Added:
November 14, 2024 — 1 day ago
Listing Office:
Denver Property Team, Alexander Saldana (303-552-4804)
Office Phone:
303-552-4804
MLS ID:
2000119

Features & Amenities

Interior

Appliances:
Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
Basement:
Crawl Space
A/C:
Central Air
Heating:
Forced Air, Natural Gas

Exterior

General:
Private Yard
Parking:
Parking spaces: 4

Construction

Roofing:
Architecural Shingle
General:
One

Location

Road/Access:
Public
Originating MLS:
recolorado
School District:
Adams-Arapahoe 28J
County:
Arapahoe

Lot

Zoning:
LOT 1 BLK 1 ZURCHERS SUB, 031071691
Fencing:
Full

Utilities

Utilities:
Electricity Connected, Natural Gas Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
recolorado
Ownership:
Estate
Exclusions:
None

This listing courtesy of:
Denver Property Team, Alexander Saldana

About Aurora, CO

Housing

Number of Units
177,614
Median Home Value
$367,434
Median Rent
$1,329

35.32% of housing units are renter occupied.

4.23% are vacant.

Commute

Car
63.46%
Public Transportation
2.89%
Walk to Work
1.03%
Work from Home
31.79%
Other
0.59%

The median travel time to work is 22 minutes.

People

Population
454,705
Median Age
35.30
Median Household Size
2.92

Education

High School
24.82%
Associate’s Degree
9.65%
Bachelor’s Degree
22.39%
Graduate Degree
12.26%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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