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$ 1,800,000
Est. payment | /mo
8,590 SqFt
$ 1,800,000
Est. payment | /mo
8,590 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,590 sqft
Price per Sqft $209
MLS Listing ID 3283710
Style Traditional
HOA Y/N No
Year Built 1960
Annual Tax Amount $8,661
Tax Year 2024
Lot Size 0.458 Acres
Acres 0.46
Property Sub-Type Multi Family
Source recolorado
Property Description
Located in the heart of Lakewood, Colorado, 1045 Balsam Street is an 11-unit multifamily property offering a strong value-add opportunity for investors. The unit mix consist of one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, providing a diverse range of options for tenants in a highly sought-after rental market. The property is well-positioned for upside through both interior/exterior renovations and rental increases. Current rents are below market, and updating the units offers a clear path to enhancing both income and asset value. The location is another key strength, with convenient access to major roadways and public transportation. This property represents a rare chance to acquire a well-located multifamily asset with immediate potential for increased cash flow and long-term appreciation. With strong rental demand in the area and a clear opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling addition to any investment portfolio.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Sewer Connected
Roof Type Membrane
Total Parking Spaces 26
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Unique Properties LLC
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Tammy Hein
Broker - Owner | Lic# ER 40015768