11036 E 4th Way new Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80010
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,692 sqft
Price per Sqft $295
Subdivision Highland Park
MLS Listing ID 2465236
Style Ranch
Bedrooms 8
Year Built 1965
Annual Tax Amount $3,114
Property Sub-Type Income Property
Property Description
Investor opportunity in Aurora West! 11036 & 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
Location
State CO
County Arapahoe
Area Metro Denver
Interior
Heating Forced Air
Cooling Central Air
Exterior
Utilities Available Natural Gas Available
Roof Type Composition
Building
Story 1
Sewer City Sewer,Public Sewer
Water City Water
Structure Type Brick/Brick Veneer,Other,Concrete
New Construction false
Schools
Elementary Schools Lansing
Middle Schools South
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Special Listing Condition Private Owner