1011 S Ironton St Unit 204, Aurora, CO 80012

Property Description

*** BEST PRICE IN COMPLEX. Asking 41k less than 10650 E Tennessee Ave 109 that recently sold for $191,900. *** ALL REASONABLE OFFERS will be considered. *** OWNER OCCUPIANT. Move in with immediate equity and build more with small updates over time. 1st time buyer low price and low payment (cheaper than rent). Downsizer no-stairs in unit and elevator access. *** FIX AND FLIP INVESTOR. Low investment baby flip. Perfect for new flipper or veteran looking for quick turn. No Wholesaler. No Assignable Contract. No Wacky Financing. Only investor with proven funds will be entertained. *** BUY AND HOLD INVESTOR (all numbers are estimates, NOT guaranteed, buyer to verify). Simple Cash-On-Cash Return is 9.5%. Net cashflow is 1,185 per month (rent 1,800 per month minus costs of HOA 514 and Taxes 101) or14,220 per year. COC = 14,220/150,000 = 9.5%. *** DATED, BUT CLEAN. Move in ready. New thermostat, fresh paint, some newer flooring. 2 bed 2 bath condo on 2nd floor. 2nd bedroom has pocket doors, NO closet and could be office. Complex includes: elevator, courtyard, pool table room, swimming pool, and security exterior doors to building. Oversized balcony (approx 16x8) with views of courtyard. Open floorplan. Tall ceilings. Lots of light. Walk in closet main bedroom. Extra storage closet (#4) in common room south of elevator. One block to bus lines. Walk to grocery stores (King Soopers, Safeway, Target). *** NEEDS SOME WORK, including but not limited to: IN WALL AIR CONDITIONER UNIT in small bedroom not work. Hallway bath VENT not work. Leaky FAUCET in the hallway bath. Old WINDOW COVERINGS missing louvers. Seller NEVER lived in the unit, but disclosing known issues. See SPD in MLS Supplements (ask your agent). ***HOA dues are 514 per month, high, but remember it includes HEAT TO UNIT (hot water baseboard radiator), water, and sewer. *** Schedule your showing today.