Movoto Real Estate
Sold on 11/07/2023
Melissa Farrar of Compass - Denver

58-62 Lima St, Aurora, CO 80010

  • $1,101,611

    Last sold 11/07/2023 for $1.02M

  • 9

    bed

  • 6

    bath

  • 4,984

    Sqft ($205/Sqft)

Multi-family not for sale
28 homes bought nearby with Movoto recently

About 58-62 Lima St

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Lot size 0.26 Acre
Movoto estimate
Property description
Introducing an exceptional investment opportunity in Aurora, Colorado! This triplex offers an array of enticing features and benefits for astute investors seeking steady income and potential capital appreciation. Situated in close proximity to the renowned Anschutz Campus, this property guarantees a favorable location for attracting tenants and ensuring a high demand for housing. With post-renovation stabilized rents projected at $2,500 per month, this triplex provides a secure and reliable rental income stream. Two of the units are currently rented, providing an immediate and guaranteed return on investment. Furthermore, the third unit has undergone extensive renovations and is now ready to welcome a tenant at a projected market rent of $2,500, amplifying the potential for increased profitability. Each unit within this triplex features a spacious layout encompassing three bedrooms and two bathrooms, ideal for accommodating families and professionals seeking ample living space. The mid-century architecture with brick accents exudes a timeless appeal, combining aesthetics with functionality. Additionally, the property boasts outdoor space and convenient parking, enhancing the overall desirability for tenants. Recently painted and landscaped, the exterior of the triplex exudes a fresh and welcoming ambiance, further increasing its curb appeal. This investment opportunity showcases remarkable potential for a strong cap rate when rented at market rates, currently estimated at 6.6 percent. Don't miss out on this incredible chance to invest in a thriving market. Aurora, Colorado presents a promising real estate landscape, and this triplex is perfectly positioned to capitalize on the region's growth. Act now and seize the potential for long-term financial success and stability. Contact us today to explore this remarkable opportunity further!
Listed by
Listing Agent - Melissa Farrar
Listing Agent Contact: Melissa.farrar@compass.com, 425-221-0712
Listing Office - Compass - Denver
Source: REcolorado MLS mls logo
MLS#6079271 • last updated 2 years ago
Movoto checked REcolorado MLS for data 18 minutes ago
Overview
Cooling/AC Central Air, None
Heating Forced Air
Levels/Style One, Mid-Century Modern, Triplex
SubType Triplex
Type Residential Income
MLS # 6079271
SqFt 4984
Status Closed
Lot Size (SqFt) 11195
Property Tax 3892
Year Built 1972
Interior
Total # of Bathrooms 6
Total # of Bedrooms 9
Basement Finished
Flooring Carpet, Laminate, Tile
Interior Features Laminate Counters
Exterior
Construction Brick
Roof Composition
# Parking Spaces 6
Patio/Porch Patio
Amenities / Utilities
Water Source Public
Location
County Arapahoe
Subdivision Lyn Acres #1
Elem School Lansing
High School Aurora Central
Middle School South
Elementary School District Adams-Arapahoe 28J
Middle School District Adams-Arapahoe 28J
High School District Adams-Arapahoe 28J
APN 31124069
Multifamily Details
Operating Expense 18432
Cap Rate 6.6
Gross Income 68400
Lot/ Land Details
Road Responsibility Public Maintained Road
$1.1M
Range: $991K-$1.21M
Last 30 days 
  • Nov 2023
    mls logo MLS # 6079271
  • Nov 7, 2023 Sold
    $1,020,000 (-2.9%)
  • Sep 25, 2023 Pending
  • Sep 15, 2023 Price Change
    $1,050,000 (-2.3%)
  • Jun 22, 2023 Coming Soon
    $1,075,000
  • 58-62 Lima St
    $1.02M
  • Highline Villages
    $299K -6% y/y
  • 80010
    $400K -3% y/y
  • Aurora
    $485K -2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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