Price Improvement bumps up Cap Rate to 7.18%! Seller will consider a rate buy-down with reasonable offer. This well-maintained duplex offers immediate cash flow with both units newly leased while providing significant upside through future rent increases. Recent capital improvements have enhanced the property's value and reduced anticipated near-term maintenance expenses for the next owner.
Capital Improvements include but not limited to:
• New roof, 2022
• Radon Mitigation
• Renovated Kitchen – Unit 13080
• Laminate Floor Unit 13080 & 13090
• New Furnace – Unit 13090- November 2022
• New Water Heater – Unit 13080, December 2025
• New Water Heater – Unit 13090, August 2025
• Attic Insulation – Unit 13090
• Renovated Bathroom – Unit 13080 & 13090, June 2026
• Enhanced Insulation in attic &crawlspaces– Unit 13080 & 13090, November 2026
• High efficiency Cold climate furnace & Heat pump installed - Unit 13080, September 2026
• Upgrade electric panel & meter scheduled - late October 2026
Property details
Property
Type
Duplex
MLS type
Residential Income
Status
Active Under Contract
Year built
1960
Stories
1
Living area
1,950 sqft
Price / sqft
$295
Lot
0.19 AC / 8,320 SF
MLS #
6278866
Interior
Appliances
Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator
Flooring
Laminate
Heating
Forced Air
Cooling
Other
Exterior & lot
Roof
Composition
Foundation
Concrete Perimeter
Schools
District
Adams-Arapahoe 28J
Elementary
Vaughn
Middle
South
High
Aurora Central
Utilities
Utilities
Electricity Connected, Natural Gas Connected
Water
Public
Sewer
Public Sewer
Financial
Annual tax
$3,564
Parcel
031051509
Special conditions
None Known
Location
Subdivision
Schaefer Heights
County
Arapahoe
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