1391 Lima St Active Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80010
Key Details
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 6,505 sqft
Price per Sqft $184
Subdivision Aurora Heights
MLS Listing ID 1045199
HOA Y/N false
Abv Grd Liv Area 6,505
Year Built 1965
Annual Tax Amount $8,004
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Sale: Commercial/Industrial
Source IRES MLS
Property Description
Located in the heart of the rapidly growing Delmar Parkway neighborhood, this 8-unit multifamily is in a prime position to take advantage of Aurora's expected 40% growth by 2050. It's currently operating at a strong 6.5% actual cap rate, but simple adjustments like modest rent increases and adding a utility billback system would raise returns to at least 7.4%. With Anschutz Medical Campus just minutes away, this property is ideal for mid-term rentals catering to traveling nurses, providing the chance for even greater returns. Each unit has been updated with modern finishes and newer appliances, offering a turnkey experience for a new owner. Major recent upgrades include a 25-year Class 4 impact-resistant roof and a radon mitigation system completed in 2021. The building offers secure access, on-site laundry, and private basement storage for each unit. With a Walk Score of 83, tenants have easy access to restaurants, coffee shops, and grocery stores. With great cash flow and plenty of upside, this property is a rare find in one of Aurora's hottest neighborhoods.
Location
State CO
County Arapahoe
Area Metro Denver
Zoning OA-RMU
Rooms
Basement None
Interior
Heating Radiator
Cooling Window Unit(s)
Exterior
Parking Features Paved
Utilities Available Natural Gas Available,Electricity Available
Roof Type Composition
Street Surface Paved
Building
Lot Description Near Public Transit,Corner Lot,Level
Building Description Brick/Brick Veneer, Storage on Site
Sewer City Sewer
Water City Water,City
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Kenton
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community false
Tax ID 197302216024
SqFt Source Assessor
Special Listing Condition Private Owner