Great opportunity to own a well-kept fourplex in Aurora! This property has month to month leases on all units, which may be renewed or the units may be vacated to raise rent up to market value. Current rents have not been changed in roughly 6 years, and are at $1,000/mo. Market rent value is estimated at $1300/mo. Please see attached in supplements rental comp report, identical fourplex units neighbor this property on both sides, and comparable rental values were taken from those. Nearby, similar property rents section 8 for 1400/mo.
Massive development just across the street will add value and desirability to this area, part of the Havana North urban renewal plan (PDF attached in supplements)
Property can be rented to section 8 tenants, the identical neighboring 4plex rents for 1400/door on section 8. See attached for section 8 rates.