Exceptional Triplex investment opportunity with incredible consistent cash flow with section 8 guaranteed rents. A long list of improvements all with a focus on creating an easy ownership and management experience keeping expenses down and rents up.
Xeriscape landscaping for very easy low-cost maintenance. All units have new furnaces & water heaters within the past 5-7 years. The roof was replaced in 2015. The basements have been finished adding the additional bedrooms & laundry. Private parking for 3 vehicles. Unit 38 has a private fenced-in yard. Minimal fixed expenses are limited to just water bills, property insurance, and property taxes. Most recorded maintenance was related to turning a unit for a new tenant in 2023.
Total Income Summary History for 38-40-42 Lansing St, Aurora, CO: 2019: $64,168.31 ---- 2021: $69,711.35 ---- 2022: $78,948.51 ---- 2023: $86,877.88 ---- 2024: $89,940.00
Please DO NOT disturb tenants. The property is fully rented. No showings without accepted LOI or Contract to Purchase.
Contact the Listing agent for all questions. The owner is a licensed Colorado agent.
Sold for $899,950 on 11/21/24
$899,950
38 Lansing Street, Aurora, CO 80010
11beds
6baths
4,992sqft
Triplex
Built in 1971
-- sqft lot
$866,700 Zestimate®
$180/sqft
$2,440 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: November 21, 2024 at 03:22pm
Listed by:
Steven Pilkington 303-587-0402 steven@pathhometeam.com,
Real Broker, LLC DBA Real
Bought with:
Michelle Betts, 100041881
West and Main Homes Inc
Source: REcolorado,MLS#: 9942966

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
Heating
- Forced Air
Cooling
- Attic Fan
Appliances
- Laundry: In Basement
Features
- Basement: Finished,Full
Interior area
- Total structure area: 4,992
- Total interior livable area: 4,992 sqft
- Finished area above ground: 3,328
- Finished area below ground: 1,400
Property
Parking
- Total spaces: 3
- Details: Off Street Spaces: 3
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 031123895
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick, Vinyl Siding
- Roof: Composition
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Aurora
- Subdivision: Lyn Acres #1
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Individual
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Estimated market value
$866,700