NEWLY remodeled 8-unit complex consisting of two adjacent Quadplexes located in Southeast Aurora. Turn-Key, Actual 5.5% Cap Rate! Includes eight, 2-bedroom, condo-like units with attached garages and washer/dryer in units with back patios. Four units are 100% newly remodeled to include luxury vinyl plank flooring, granite countertops, stainless steel LG appliances, NEW bathrooms and new interior paint. The other four units have also been updated with new carpet, paint, and appliances with Strong Rents! The property has been well maintained. Actual 5.5% CAP rate with market rents at $1750 - $1850/mo. (5.5% for Property Management and 3% vacancy reserves). Each unit has a dedicated attached single-car garage and additional off-street parking on a huge parking driveway. There is a utility chargeback to tenants to cover water, sewer, and trash. Multifamily properties are RARE in this neighborhood and subdivision. Take advantage of this excellent investment opportunity!
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