1161-1165 Dayton St, Aurora, CO 80010

Property Description

Calling all investors and owner-occupants! This updated Aurora quadplex offers immediate income with clear upside and is priced to sell as-is. The property consists of four units total: three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing a strong and flexible unit mix. This is not a heavy rehab as the property has seen thoughtful updates throughout and is well maintained. One 2-bedroom unit is vacant, refreshed, and fully rent-ready, allowing a buyer to step in and immediately stabilize operations or utilize it as an owner occupant investment property. Once the vacant unit is leased, the property will operate at an estimated 6.1% cap rate, with a pro forma cap rate of approximately 8.2% at market rents, making this a compelling value-add opportunity without major construction risk. Two additional units are currently occupied by reliable tenants, and the remaining unit provides future upside as turnover occurs. Additional highlights include four reserved alley-loaded parking spaces and a central Aurora location within walking distance to The Parks at Del Mar Circle, City Park of Aurora, and the shopping and dining corridor along East Colfax. Well-located, updated multi-family assets with both immediate cash flow and strong pro forma returns are increasingly hard to find at this price point. Schedule your showing today!