15500, 15550 & 15590 E 13th Avenue
" Opportunity to own two duplexes with garages or a mixed use property. " Large lot located in Original Aurora, the Property is in proximity to Anschutz-Fitzsimons Health Center, Interstate 225, and East Colfax Avenue. " Currently operated as commercial office suites, with a renovation there is potential to transform this to a multi-family or mixed use property. " Conversion would require an interior remodel to add bathrooms, kitchens and unit upgrades. These additions would allow the Property to obtain the following proforma income.
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Nice property with three 2 bedroom 1.5 bath units. Each unit has full basement that can be converted to a 3rd bedroom with ¾ bath. Washer/Dryer hookups in each unit. Two units on month to month leases below market. One unit just leased at $1195/mo. Opportunity for a 19% cash on cash return by increasing the rents on the remaining 2 units. Call/email for detailed financials.