11036 & 11038 E 4th Way, Aurora, CO 80010
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
11036 & 11038 E 4th Way,Aurora, CO 80010
$1,092,000
- 8 Beds
- 4 Baths
- 3,692 sq. ft.
- Multi-family
- Active
Listed by: kelsey lawless, april andrewskelsey@joyoftherockiesrealty.com,720-454-4301
Office: joy of the rockies realty
MLS#:2465236
Source:ML
Price summary
- Price:$1,092,000
- Price per sq. ft.:$295.77
About this home
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...
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Home facts
- Year built:1965
- Listing ID #:2465236
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Kitchen Description:Microwave, Oven, Refrigerator
- Basement:Yes
- Basement Description:Finished
- Living area:3,692 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1965
- Building area:3,692 sq. ft.
- Lot Features:Near Public Transit
- Construction Materials:Brick, Concrete
- Levels:1 Story
Schools
- High school:Aurora Central
- Middle school:South
- Elementary school:Lansing
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,092,000
- Price per sq. ft.:$295.77
- Tax amount:$3,114 (2024)
Features and amenities
- Laundry features:Dryer, In Unit, Washer
- Amenities:Carbon Monoxide Detector(s), Smoke Detector(s)
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