$2,300,000
$2,350,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
0.64 Acres Lot
SOLD DATE : 09/29/2023
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7150469
Sold Date 09/29/23
HOA Y/N No
Originating Board recolorado
Year Built 1952
Annual Tax Amount $10,301
Tax Year 2021
Lot Size 0.640 Acres
Acres 0.64
Property Description
• Very Attractive Financing: 3.22% Assumable Loan Fixed Through May 1, 2026
• 6.28% Current CAP Rate
• Multiple Income Sources: (3) Adjacent 4-Plexes + (10) Garages + Large Workshop
• Potential Covered-Land Play: Excellent Zoning (R-MF) on 0.64 Acres Allows for a 48 Unit Apartment Redevelopment
• Opportunity to Split Property Into (3) 4-Plexes & Sell Off Individual 4-Plexes
• Many Recent Capital Improvements Including New: Windows, Electrical Panels, Exterior Paint & Numerous Interior Updates
• City Mandated Residential Growth Restrictions Will Rapidly Increase Rents & Values in Lakewood
• Proforma Rents Already Being Achieved
• Short Walk to Wadsworth Light Rail Station, Large Retail, Restaurants and Employment Centers
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Garage Spaces 10.0
Roof Type Membrane
Total Parking Spaces 10
Garage No
Building
Lot Description Landscaped, Near Public Transit
Story 2
Sewer Public Sewer
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Pinnacle Real Estate Advisors