1183 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. This building, 1183 Akron, 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. The two bedroom unit even has an unfinished basement with separate exterior entrance! Here's where the value-add comes into play: current rents are averaging about $850 in the Denver metro which is unheard of. One unit has been renewed at $1,100 and another one will be renewed 11/30 for $1,100 as well. The other two will be renewed on 3/31/25 at $1,100 and likely $1,400+ for the 2 bed. Market rents exceed $1100-1200/month for 1-bedroom and $1400-1500/month for the 2-bedroom unit. 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 $590k on 6/25/24.