1649 Florence Street

    Aurora, CO 80010
    • $450,000
    • STATUS: Active
    • ON SITE: 127 days
    • ID#: 8235375
    UPDATED: 62 min ago
    $450,000
    • 6
      BEDS
    • 0.16
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,316
      SQFT
    • $194
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Different Realty Services.

    Description

    Genuinely rare opportunity to own a large duplex in the Colfax corridor which has the potential for a multitude of uses. It is currently being used as a residential duplex, but zoning allows for office space, live/work, and a multitude of other uses. The new owner could continue to use it for residential tenants, or convert it to commercial or office space, live in one and rent the other or convert it to a single family property. The building currently has new one year leases of $1850 and $1800 for the two units. There's plenty of opportunity to improve the property, but it is ready to use and the level of cash flow is rare. The square footage is quite large for a duplex in the area. Depending on the chosen floorplan, one bedroom in the back unit may be non-conforming. Listing Broker is a part owner, and a licensed real estate broker in the State of Colorado. Do not disturb tenants. No showings without a contract.

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Healey Group - KW Preferred Realty are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.healeygroup.com/homes/93780395

    1649 Florence Street Aurora, CO 80010

    • Price: $450,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 8235375
    6
    Beds
    2
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,316
    SQFT
    $194
    $/SQFT
    1953
    Built
    Neighborhood:
    Aurora West
    County:
    Adams
    Area:
    Aurora
    Elementary School:
    Crawford
    Middle School:
    AURORA WEST
    High School:
    Aurora Central
    School District:
    Adams-Arapahoe 28J
    Property Description
    Genuinely rare opportunity to own a large duplex in the Colfax corridor which has the potential for a multitude of uses. It is currently being used as a residential duplex, but zoning allows for office space, live/work, and a multitude of other uses. The new owner could continue to use it for residential tenants, or convert it to commercial or office space, live in one and rent the other or convert it to a single family property. The building currently has new one year leases of $1850 and $1800 for the two units. There's plenty of opportunity to improve the property, but it is ready to use and the level of cash flow is rare. The square footage is quite large for a duplex in the area. Depending on the chosen floorplan, one bedroom in the back unit may be non-conforming. Listing Broker is a part owner, and a licensed real estate broker in the State of Colorado. Do not disturb tenants. No showings without a contract.
    Exterior Features

    Architectural Style Traditional Construction Materials BrickStuccoWood Siding Construction Methods BrickFrame Distance To Bus 1.00 Exterior Features FenceFront PorchGarden AreaYard Parking Off-Street (4 Spaces) Parking Total Searchable 4 Road Surface Paved Road Roof Composition ShinglesRolled Roofing Storage Units Number Of 0 Structural Style Multi-Level Style Characteristics Side-By-Side Unit Access Exterior Access

    Interior Features

    Basement Finished YN Yes Basement Floor Type Crawl SpaceSlab Basement Percent Finished 100 Basement Size Partial Basement Type Garden Level Cooling None Flooring CarpetTile Floor Heating Forced Air Heating Fuel Gas Interior Features Cable AvailableDouble Pane WindowsEating Space / KitchenWindow Coverings Kitchen Appliances DishwasherRefrigerator (Kitchen)Stove/Range/Oven Laundry Availability W/D Hookups in Unit Per Unit Features Assigned Parking Sq Ft Above 1924 Sq Ft Basement 392 Sq Ft Finished 2316

    Property Features

    Additional Information Agent Owner Annual Expense Actual 9836 Annual Expense Proj 9836 Annual Income Actual 39900 Annual Income Proj 43800 Annual Net Income Actual 30064 Annual Net Income Proj 33964 Building Area Source County Records Building Name Aurora North Building Type Duplex (All Units) Capitalization Rate 6.68 Capitalization Rate Calculation 33964/450000 = 7.54% Has Hoa YN No Is Incorporated YN Yes Listing Financing CashConventionalFhaVa Number Of Units Furnished 0 Number Of Units Vacant 2 Owner Paid Utilities GasWater Potential Rental Income Annual 42000 Real Estate Taxes 1612 Seller Type Individual Site Type Live/Work (Mixed Use) Status Conditions None Known Tax Amount 1815.00 Tax Year 2018 Transaction Type For Sale Unit Count 2 Zoning Residential

    Listing courtesy of Different Realty Services: MLS #8235375


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Healey Group - KW Preferred Realty are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    The Healey Group - KW Preferred Realty
    11859 Pecos Street Suite 200
    Denver CO, 80234
    Offered by Different Realty Services.