38 Lansing ST Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80010
Key Details
Sold Price $899,9504.3%
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,728 sqft
Price per Sqft $190
Subdivision Lyn Acres #1
MLS Listing ID 9942966
Sold Date
Bedrooms 11
HOA Y/N No
Abv Grd Liv Area 3,328
Originating Board recolorado
Year Built 1971
Annual Tax Amount $4,328
Tax Year 2023
Property Description
Exceptional Triplex investment opportunity with incredible consistent cash flow with section 8 guaranteed rents. A long list of improvements all with a focus on creating an easy ownership and management experience keeping expenses down and rents up.
Xeriscape landscaping for very easy low-cost maintenance. All units have new furnaces & water heaters within the past 5-7 years. The roof was replaced in 2015. The basements have been finished adding the additional bedrooms & laundry. Private parking for 3 vehicles. Unit 38 has a private fenced-in yard. Minimal fixed expenses are limited to just water bills, property insurance, and property taxes. Most recorded maintenance was related to turning a unit for a new tenant in 2023.
Total Income Summary History for 38-40-42 Lansing St, Aurora, CO: 2019: $64,168.31 ---- 2021: $69,711.35 ---- 2022: $78,948.51 ---- 2023: $86,877.88 ---- 2024: $89,940.00
Please DO NOT disturb tenants. The property is fully rented. No showings without accepted LOI or Contract to Purchase.
Contact the Listing agent for all questions. The owner is a licensed Colorado agent.
Location
State CO
County Arapahoe
Rooms
Basement Finished,Full
Interior
Heating Forced Air
Cooling Attic Fan
Fireplace N
Laundry In Basement
Exterior
Roof Type Composition
Total Parking Spaces 3
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Lansing
Middle Schools South
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None