11036, 11038 E 4th WayAurora, CO 80010
Highland Park · Arapahoe County
Description
Investor Opportunity in Aurora West 11036 & 11038 E. 4th Way presents an attractive income-producing investment opportunity. The property consists of a duplex-style building that is currently configured with four separate residential living spaces, each featuring its own kitchen, bathroom, and in-unit laundry. Buyers are encouraged to conduct their own due diligence regarding the property's configuration, zoning, and permitted use. The property is currently 3 of 4 units leased, with two residents in place, one resident scheduled to move in on July 25, 2026, and one vacant unit providing immediate lease-up potential. Current lease information and rent roll are available upon request. Residents are responsible for gas, electric, trash, internet, and cable. The property is served by one water meter and two electric meters (one per address). Annual property taxes are approximately $3,114, and annual insurance is approximately $2,000. Originally built in 1965, the property underwent extensive renovations in 2021–2022, with additional capital improvements completed through 2025. Recent upgrades include a Class 4 impact-resistant roof (2025), sewer and drain line replacement (2023), Bosch high-efficiency mini-split systems in the main-level units (2023–2024), new furnaces and air conditioning for the basement units (2022), a new dishwasher (2023), and a new washer and dryer (2024). Each residence features quartz countertops, stainless steel appliances, and updated finishes designed to appeal to today's renters. Offering 3,692 square feet of living space on a 7,449-square-foot lot, recent capital improvements, in-place rental income, and additional upside through leasing the remaining vacant unit, this property presents a compelling opportunity for investors seeking long-term cash flow and value-add potential.
Property Information
- Property type
- Residential Income
- Sub-type
- Duplex
- Structure type
- Duplex
- Year built
- 1965
- Living area
- 3,692 Sq Ft
- Ownership
- Individual
- Days on market
- 192
- MLS® Listing#
- 6370251
Property Features
- Appliances
- Dryer · Microwave · Oven · Refrigerator · Washer
- Cooling
- Central Air
- Heating
- Forced Air · Natural Gas
- Basement
- Finished
- Laundry
- In Unit
- Lot features
- Near Public Transit
- Construction
- Brick · Concrete · Other
- Roof
- Composition
- Security
- Carbon Monoxide Detector(s) · Smoke Detector(s)
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Elementary
- Lansing
- Middle
- South
- High
- Aurora Central
Financial Details
- HOA
- None
- Annual taxes
- $3,114Tax year 2024
- Parcel number
- 031123062
Listing Courtesy: Joy of the Rockies Realty - April@JoyoftheRockiesRealty.com,303-902-0616
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PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.METROLIST, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
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