38 Lansing Street, Aurora, CO, 80010

Here is your chance to pick up a hands off Tri-Plex. 2 of the units are currently part of Section 8 with guaranteed rents. 3rd unit could easily be part of the program as well upon the current lease ending. Property has just been converted to xeriscape landscaping so very easy maintenance. The basements have been finished recently adding the additional bedrooms & laundry. All units have new furnaces & water heaters within past 3-5 years. Roof was replaced in 2015. The interiors could easily be updated for additional cash flow opportunity. Private parking in the rear for 3 Vehicles. Unit 38 has a private fenced in yard. New lease prices have been submitted to Sect 8 for units 40 & 42 increasing rents to $2100(3 bedroom) and $2400(4 Bedroom). Unit 38 could also be submitted to section 8 and increase to $2400 as well. Current rents are $2250, $1950, $2263 for a total of $6463 Gross Monthly, $77,556 Gross Annual. Projected is $2400,$2400,$2100 for a total of $82,800 upon Section 8 approval of increases. Minimal fixed expenses are limited to just water bill, property insurance, property taxes. Listing agent is the owner/agent and a licensed agent in the state of Colorado. Feel free to contact with questions. No interior showings until contract is accepted. Please DO NOT disturb tenants. Buyer to verify all facts and figures.