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$ 1,350,000
Est. payment | /mo
5,946 SqFt
$ 1,350,000
Est. payment | /mo
5,946 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,946 sqft
Price per Sqft $227
MLS Listing ID 5312588
HOA Y/N No
Year Built 1960
Annual Tax Amount $8,919
Tax Year 2024
Lot Size 0.288 Acres
Acres 0.29
Property Sub-Type Multi Family
Source recolorado
Property Description
6.69% proforma cap rate • 8-unit multifamily • Eiber neighborhood, Lakewood. Stabilized 8-unit apartment community in Lakewood's Eiber neighborhood offering immediate cash flow and rent growth potential. Current gross rents of $124,416/yr are below market at $136,800/yr proforma — a built-in value-add opportunity without renovation required. NOI of $90,310 and pre-tax cash flow of $32,034 based on 60% LTV financing at 6.0%. Priced at $168,750/unit and $281/SF on a 12,500 SF lot. Unit mix: four 1BD/500 SF at $1,080 current ($1,200 market) and four 2BD/700 SF at $1,512 current ($1,650 market). Located in the Eiber neighborhood with direct access to the Garrison light rail station (W Colfax line) and quick connections to I-70 and US-6. Mint & Serif Coffee and Brynmor Coffee within 0.4 mi on Carr St. Natural Grocers on W Colfax within 0.7 mi. Sloan's Lake Park 2.5 mi east; Crown Hill Park 1.5 mi north. 40 West Arts District nearby on Colfax. Downtown Denver approx. 15 min. Jefferson County. Jeffco Public Schools district.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Structure Type Frame
Others
Special Listing Condition None
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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 Compass - Denver
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