5365 W 3rd Place
Lakewood, CO 80226
2988 sqft | 8 beds | #6282231
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!
Property Details
- Sewer InformationCity Sewer, Public Sewer
- Property SubtypeIncome Property
- SubdivisionNorth Alameda
- Middle SchoolAlameda Int'l
- High SchoolAlameda Int'l
- Property TypeMulti-Family
- Utility SourceCity Water
- CountyJefferson
- Exterior MaterialsBalcony
- MLS #6282231
- MLS #6282231
- Cost875000
- Elementary SchoolDeane
- Square Feet2988
- Year Built1961
- Parking Spaces10
- Bedrooms8
Location
Legal
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES. Information deemed reliable but not guaranteed by the MLS. The information being provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Last Updated: . Source: IRES
Listing Courtesy
Listing Agent: Michael Hoover (#03690N), Phone: (720) 771-8061, Email: mike@maviunlimited.com
Listing Office: MAVI UNLIMITED INC (#M0217)
Interested in Purchasing 5365 W 3rd Place?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
