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Source Home Group

admin@sourceofhome.com +1(970) 528-0604

$1,350,000

Est. payment - /mo

0.29 Acres Lot

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5312588

HOA Y/N No

Year Built 1960

Lot Size 0.288 Acres

Acres 0.29

Property Sub-Type Multi Family

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

Exterior

Roof Type Shingle

Private Pool No

Building

Sewer Public Sewer

Others

Tax ID 050903

Special Listing Condition None Known

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Listed byCompass - Denver

Nearby School & Business

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Source Home Group

+1(970) 528-0604

Agent FA.100072314

1201 Brentwood ST Lakewood, CO 80214

Source Home Group

Key Details

Location

Exterior

Building

Others

Nearby School & Business

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