1408 Lima ST new to site Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80010
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,714 sqft
Price per Sqft $280
Subdivision Zurchers Sub
MLS Listing ID 2000119
Bedrooms 4
Full Baths 2
Year Built 1952
Annual Tax Amount $1,962
Tax Year 2023
Lot Size 7,840 Sqft
Property Description
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.)
Location
State CO
County Arapahoe
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Exterior Feature Private Yard
Fence Full
Utilities Available Electricity Connected,Natural Gas Connected
Roof Type Architecural Shingle
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
Elementary Schools Kenton
Middle Schools Aurora West
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Acceptable Financing Cash,Conventional,VA Loan
Listing Terms Cash,Conventional,VA Loan
Special Listing Condition None