11036 & 11038 E 4th WAY new to site Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80010
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,692 sqft
Price per Sqft $295
Subdivision Highland Park
MLS Listing ID 2465236
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 1,872
Year Built 1965
Annual Tax Amount $3,114
Tax Year 2024
Property Sub-Type Duplex
Source recolorado
Property Description
Investor opportunity in Aurora West! 11036 & 11038 E 4th Way is a duplex configured as four fully rentable units, each with its own kitchen and bath, generating an annual rent roll of $82,200 and a NOI of $73,282 (~6.7% cap rate at list price). Residents pay for gas, electric, trash, internet, and cable, with the exception of one unit (11038-A) where the owner currently covers water under a prior lease. The building is on one water meter and split between two electric meters (one per address). Property taxes are just $3,114 annually and insurance is approximately $2,000/year. Originally built in 1965, the property was fully remodeled in 2021/2022 with major capital improvements since, including a brand-new Class 4 impact-resistant roof (2025), furnaces for basement units (2022), Bosch high-efficiency mini-split systems in main level units (2023/2024), new A/C for basement units (2022), new washer/dryer (2024), sewer and drain line replacement (2023), and a new dishwasher (2023). With 3,692 SF on a 7,449 SF lot, strong rental demand, and stable residents in place - this is a great opportunity! Zoned and taxed as a duplex but operating as four units, it's an ideal addition for portfolio investors and 1031 exchange buyers.
Location
State CO
County Arapahoe
Rooms
Basement Finished
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace N
Appliance Dryer,Microwave,Oven,Refrigerator,Washer
Laundry In Unit
Exterior
Roof Type Composition
Garage No
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Concrete,Other
Schools
Elementary Schools Lansing
Middle Schools South
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None