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Description
Spacious 1 Bedroom, 1 Bath. New vinyl flooring throughout, freshly painted, new blinds, new refrigerator. Water and scavenger included. **EMAIL OR TEXT ONLY FOR SHOWING INFORMATION**
Located on 744 Gillette Avenue, just west of Aurora's central business district, this property is a fantastic investment opportunity for those looking for a well-maintained apartment building. The 16 unit building is comprised of 12 one bedroom and 4 two bedroom apartments, providing a variety of options for potential tenants.
One of the advantages of this property is that tenants pay for their electric baseboard heat and through the wall sleeve air conditioning, which could reduce the landlord's operating expenses. Recent improvements to the property include a newly paved parking lot and replaced gutters in 2016. Additionally, the roof was replaced approximately 7 years ago, so there are no major repairs required in the near future.
The current owner has maintained the property well over the years and is offering it for sale to a new investor. The location on the west side of Aurora is another positive aspect of this investment opportunity, as it is situated in a good location that is easily accessible to potential tenants.
The building currently offers a strong income stream, but there is also potential for rental increases to market levels, which could provide even greater income for the new owner. Overall, this property offers a great opportunity for an investor looking to purchase a well-maintained, easy to manage apartment building in a desirable location.
Spacious 1 Bedroom, 1 Bath. New vinyl flooring throughout, freshly painted, new blinds, new refrigerator. Water and scavenger included. **EMAIL OR TEXT ONLY FOR SHOWING INFORMATION**
Located on 744 Gillette Avenue, just west of Aurora's central business district, this property is a fantastic investment opportunity for those looking for a well-maintained apartment building. The 16 unit building is comprised of 12 one bedroom and 4 two bedroom apartments, providing a variety of options for potential tenants.
One of the advantages of this property is that tenants pay for their electric baseboard heat and through the wall sleeve air conditioning, which could reduce the landlord's operating expenses. Recent improvements to the property include a newly paved parking lot and replaced gutters in 2016. Additionally, the roof was replaced approximately 7 years ago, so there are no major repairs required in the near future.
The current owner has maintained the property well over the years and is offering it for sale to a new investor. The location on the west side of Aurora is another positive aspect of this investment opportunity, as it is situated in a good location that is easily accessible to potential tenants.
The building currently offers a strong income stream, but there is also potential for rental increases to market levels, which could provide even greater income for the new owner. Overall, this property offers a great opportunity for an investor looking to purchase a well-maintained, easy to manage apartment building in a desirable location.
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