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LoKation Real Estate
1735 Chester St, Aurora, CO 80010
- $765,000
- 8
- BD
- 5
- BA
- 2,890
- SqFt
Courtesy of Your Castle Real Estate Inc . Preston@cohousepro.com,303-901-5900
- List Price
- $765,000
- Status
- ACTIVE
- MLS#
- 8832611
- Subtype
- Residential Income
- Year Built
- 1959
- Bedrooms
- 8
- Bathrooms
- 5
- Living Area
- 2,890
- Lot Size
- 7,144
- Acres
- 0.16
- Subdivision
- Aurora Sub
Property Description
Multifamily investment opportunity in Aurora featuring three one-bedroom units, one two-bedroom unit and one three-bedroom unit. Three occupied units provide in-place income, while two vacant units offer immediate flexibility for lease-up, renovation or repositioning. The current owner has made a substantial investment in capital improvements and ongoing maintenance, including boiler and plumbing work along with updates to select units. Interior features vary by unit, with available spaces showcasing hardwood flooring, bright living areas, functional kitchens and efficient single-level layouts. The low-profile brick construction, individual exterior entries and practical unit mix support straightforward management and broad rental appeal. The property is located within a census tract nominated by the State of Colorado for inclusion in the new Opportunity Zone 2.0 program. Final designation remains subject to certification by the U.S. Department of the Treasury. This property presents an opportunity to acquire an operating five-unit asset with completed infrastructure work and additional income potential through leasing the vacant units, optimizing rents and implementing a more comprehensive tenant utility-reimbursement program. Buyer should consult qualified tax and legal advisors and independently verify Opportunity Zone status, eligibility and potential benefits.
Additional Information
- Taxes
- $5,567
- Zoning
- R-3
- Flooring
- Wood
- Heating
- Baseboard
- Air Conditioning
- Room
- Levels
- One
- Roof
- Composition
- Parking Features
- Asphalt
- School District
- Adams-Arapahoe 28J
- Elementary School
- Crawford
- Middle School
- Aurora West
- High School
- Aurora Central
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