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Lakewood,CO 80226
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,988 sqft
Price per Sqft $292
Subdivision North Alameda
MLS Listing ID 6282231
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 2,988
Year Built 1961
Annual Tax Amount $4,624
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision.
Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location.
When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
Location
State CO
County Jefferson
Interior
Heating Forced Air
Cooling None
Fireplace N
Appliance Dryer,Oven,Refrigerator,Washer
Laundry In Unit
Exterior
Exterior Feature Balcony,Elevator,Private Yard
Parking Features Asphalt
Fence Partial
Roof Type Composition
Total Parking Spaces 10
Garage No
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Brick,Concrete,Frame
Schools
Elementary Schools Deane
Middle Schools Alameda Int'L
High Schools Alameda Int'L
School District Jefferson County R-1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA
Special Listing Condition None
Virtual Tour https://my.matterport.com/show/?m=y9UjhjkREdu