1675 Upham ST Active Save Request In-Person Tour Request Virtual Tour
Lakewood,CO 80214
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,880 sqft
Price per Sqft $327
MLS Listing ID 9810597
Year Built 1961
Annual Tax Amount $7,672
Tax Year 2025
Lot Size 0.300 Acres
Property Sub-Type Multi Family
Property Description
Cushman & Wakefield is proud to present 1675 Upham Street, a compelling value-add multifamily investment opportunity in the heart of Lakewood, Colorado - a high-demand submarket within the Denver Metro. This 8-unit, two-story brick apartment building, constructed in 1961, is strategically located just off Wadsworth Bouldevard and Colfax Avenue, offering both strong tenant demand and long-term upside potential. The unit mix consists of one studio, six 1-bedroom/1-bath units, and one 2-bedroom/1-bath unit, with an average unit size of 610 SF. Additionally, the ownership has recently implemented utility bill-backs to tenants, enhancing NOI with no operational distrubution. Recent capital improvements include a new roof, new boiler, updated gutters and downspouts, selective new appliances and fixtures, and the addition of six basement storage units-all contributing to stabilized operations and lower near-term capex exposure. With strong physical fundamentals and embedded income growth, 1675 Upham Street is ideally suited for an investor seeking durable in-place cash flow with a clear path to value creation through unit renovations and operational optimization.
Location
State CO
County Jefferson
Exterior
Parking Features Asphalt
Roof Type Shingle
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional