Price

$1,090,000

Sqft

3692.00

Baths

4

Beds

8

Share This Property

Description

Investor opportunity in Aurora West! 11036 and 11038 E 4th Way is a duplex configured as four fully rentable units, each with its own kitchen and bath, generating an annual rent roll of $82,200 and a NOI of $73,282 (~6.7% cap rate at list price). Residents pay for gas, electric, trash, internet, and cable, with the exception of one unit (11038-A) where the owner currently covers water under a prior lease. The building is on one water meter and split between two electric meters (one per address). Property taxes are just $3,114 annually and insurance is approximately $2,000/year.

Originally built in 1965, the property was fully remodeled in 2021/2022 with major capital improvements since, including a brand-new Class 4 impact-resistant roof (2025), furnaces for basement units (2022), Bosch high-efficiency mini-split systems in main level units (2023/2024), new A/C for basement units (2022), new washer/dryer (2024), sewer and drain line replacement (2023), and a new dishwasher (2023). Units feature quartz countertops and stainless steel appliances, giving residents a modern, upgraded living experience that supports strong rental demand.

With 3,692 SF on a 7,449 SF lot, stable residents in place, and zoning/taxing as a duplex while operating as four un

Property Level and Sizes

Basement Finished
Common Walls 1 Common Wall

Interior Details

Appliances Dryer, Microwave, Oven, Refrigerator, Washer
Laundry Features In Unit
Electric Central Air
Cooling Central Air
Heating Forced Air, Natural Gas

Exterior Details

Water Public
Sewer Public Sewer

Exterior Construction

Roof Composition
Construction Materials Brick, Concrete, Other
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Builder Source Public Records

Financial Details

Previous Year Tax 3114.00
Tax Year 2024

Schools

Elementary School Lansing
Middle School South
High School Aurora Central

  Location

  Schools

Elementary SchoolLansing
Middle SchoolSouth
High SchoolAurora Central

  Walk Score®

Contact Me

Anne O’Brien

Anne O’Brien

HomeSmart Realty Group

About Me & My Skills

Represent clients looking for properties in the Denver, Denver Metro, South Corridor and North Corridor counties of the Front Range. Work in the challenging Denver real estate market, with the skills needed to locate, negotiate, and close on challenging deals of valuable properties. Bachelors in Mathematics, bringing analytical and technical skills for top value. Successful in negotiation, and strive to exceed client expectations.

From first time home buyers, to investors, to retirees looking to downsize, I find my clients the home that fits their needs, making it one of the healthiest decisions they have made!

Contact me for a current market analysis of your property, and/or to help customize a live search for your perfect Colorado home.

My History

- Specialize in Multi-family: duplex, and triplex listings in Denver metro areas
- First time home buyers love me
- Highly reviewed by Seniors
- Successfully executed contracts
- Successfully winning bidding wars
- Investor network actively looking to build to their portfolio
- 1031 exchange resource
- Knowledgeable about current market trends
- Reliable, experienced, passionate and goes above and beyond!
- Private listings

Get In Touch

Complete the form below to send me a message.