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1408 Lima ST Aurora, CO 80010
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Key Details
Sold Price $441,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,714 sqft
Price per Sqft $257
Subdivision Zurchers Sub
MLS Listing ID 7091909
Sold Date 03/03/25
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 1,714
Year Built 1952
Annual Tax Amount $1,962
Tax Year 2023
Lot Size 7,667 Sqft
Acres 0.18
Property Sub-Type Duplex
Source recolorado
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
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
Exterior
Exterior Feature Private Yard
Fence Full
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Architecural Shingle
Total Parking Spaces 4
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Frame
Schools
Elementary Schools Kenton
Middle Schools Aurora West
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Estate
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
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