Property Description

Turnkey, high-performing duplex investment in Aurora offered at $1,000,000, delivering immediate cash flow and strong long-term appreciation potential in a rapidly developing submarket. Owned and operated as a successful income property since 2014, this asset demonstrates consistent stability, rent growth, and strong tenant demand. Originally configured as 2BD/1BA units, both sides have been thoughtfully renovated to include fully finished basements and now offer spacious 5BD/2BA layouts?significantly enhancing rental appeal and maximizing income potential. The property generates $2,800/month per unit, totaling $5,600/month ($67,200 annually), with an estimated NOI of ~$57,600 and a ~5.7% cap rate. Both units are secured with longterm leases extending through 2027, providing immediate, stable income. Executed leases are available for full transparency. Operational performance is strong, with documented rent growth from $1,650/unit in 2020 to current levels, and historically low vacancy primarily limited to renovation periods. Expenses remain exceptionally low (~14%), with tenants covering most utilities, handling landscaping and snow removal where permitted, and no HOA. The property is self-managed, minimizing overhead. Major capital improvements have been completed within the past 5 years, including roof, furnaces, water heaters, and sewer line?reducing near-term capital expenditure risk. Ideally located near Stanley Marketplace, parks, dining, and ongoing redevelopment, the property benefits from strong rental demand and continued area growth. A rare opportunity for investors seeking a stabilized, low-maintenance asset with solid in-place returns and long-term upside?well-suited for a 1031 exchange or buy-and-hold strategy.

Property Features

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