11050 E 14th Ave, Aurora, CO 80010

Newer roof, newer boiler, and mechanicals in good shape. And tenants already in place - two of them long term tenants.The units are a 3 bed/1 bath, 2 bed/1 bath, and a 1 bed/1 bath. There is an oversized two car garage with laundry. The garage is under the 2/1, and is currently rented to someone other than the 3 tenants for $100/mo. The 1/1 is a bit funky as you enter it from the garage. I think you could pretty easily make a new entry from the north 2 car parking area if you wanted to.Gross rents are $2050 per month. Monthly landlord paid expenses (property tax, insurance, some water, some Xcel, trash removal) are $350 per month. So gross income per month is $1700 per month.Finance 75% of purchase price at 5% on a 30 year amortization and PI will be $685. That leaves just over $1000 per month in potential cash flow.If the property appreciates at only 3% per year (off your wholesale purchase price) it would be worth at least $228,000 and you would owe $103,711. That's almost $125,000 of equity. And if rents went up 3% per year, in year 10 your gross rents would be $2755 so your cash flow would be around $1700 per month.Not too shabby.SMALL PRINT: This is a wholesale deal. Cash or hard money only. If you want to use bank financing we can show you how to do that - and still buy with hard money. Price is net to seller. Any agent commissions must be added to price. Buyer is responsible for any costs associated with purchase and closing. First buyer with a Contract and Non-Refundable Deposit gets the property.