$2,300,000
$2,350,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
6,336 SqFt
SOLD DATE : 09/29/2023
Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,336 sqft
Price per Sqft $363
MLS Listing ID 7150469
Sold Date 09/29/23
HOA Y/N No
Year Built 1952
Annual Tax Amount $10,301
Tax Year 2021
Lot Size 0.640 Acres
Acres 0.64
Property Sub-Type Multi Family
Source recolorado
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
Sewer Public Sewer
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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