1460-64 Elmira Street

TRIPLEX INCOME INVESTMENT PROPERTY (3 units, each with 2-bed 1-bath) All three (2-bed, 1-bath) units are occupied, providing immediate rental income. Their leases are month-to-month, affording flexibility to the new property owner. While their current rates are below-market for the area there is great upside potential. [For market comparison, the matching triplex to the north, which was updated in the past few years are currently renting for about $1500/month each] Located off of Del Mar Parkway and Colfax Avenue by Fletcher Plaza, this triplex is blocks from to numerous restaurants, shops, and grocery stores, including Walmart Neighborhood Market. The Library is across the street. Just minutes away are the Stanley Marketplace, Fitzsimons Medical Center, and I-225. As for schools, Dayton Elementary School and Aurora West College Preparatory Middle School are only two-blocks away. Each residence is of identical layout and sit side-by-side and are staggered slightly allowing for natural light to pour into the units from all four sides —even the middle unit! The floor plans have a smart layout and feature a bright entry way, a large L-shaped open living room and dining area. Off of the spacious kitchen is a separate laundry area that has room for additional storage or pantry items. The two bedrooms, bathroom and utility closet are accessed from the back hall. The property was updated in 2006 and improvements at the time included new kitchen cabinetry, counter tops and flooring throughout. This brick building is solid. The roof was replaced eight years ago. This property has ‘good bones', so to speak. This opportunity will appeal to both new and seasoned investors looking for steady long term income. Newer investors may consider living in one unit and leasing the other two, offsetting the mortgage and building equity.