120 Jay Street, Lakewood, CO 80226

$1,350,000
21
BD
7
BA
6,156
SqFt
List Price
$1,350,000
Price Change
▼ $50,000 1551844485
Type
Multifamily
Status
ACTIVE
MLS Number
3790218
Total # of Units
7
Total Sqft
6,156
Finished Sqft
6156
Sub-Area
North Alameda
Year Built
1958

Property Description

7% cap rate! Updated 7 unit apartment building in Lakewood, just 15 minutes away from Downtown Denver and a straight shot into the mountains going West on Highway 6. . Consist of seven 3-bedroom apartments on a large, well-maintained lot. Plus a large laundry/mechanical room that includes 7 storage units for additional income. This space could also be a potential 8th unit! All units have been updated. Strong leases are in place. Great location: Just minutes away from the Light Rail - Denver West Line. Close to great retail stores such as Walmart, Home Depot and the shops at Belmar which include Whole Foods and the Lakewood City Commons. The Lakewood Reinvestment Authority is the major economic force in the Lakewood area and has encouraged a combination of gentrification and new construction which is occurring within this defined neighborhood.

Additional Information

Proj. Ann. Income
150572
Act. Ann. Income
142820
Act. Ann. Expense
31566
Proj. Ann. Expense
42084
School District
Jefferson County R-1
Elementary School
Stein
Middle School
Alameda Int'l
High School
Alameda Int'l
Garage Spaces
13
Style
Ranch/1 Story
Basement
Walk-Out
Basement Size
Full
Basement Finished
Yes
Basement Square Feet
3078
Zoned
MRS / Apartment Low Rise
Lot Size
14,000
Acres
0.32
Roofing Material
Composition Shingles
Contstruction
Brick
Taxes
$4,446
Tax Year
2017
Financial Terms
Cash, Conventional, Exchange, Private Financing

Courtesy of Keller Williams Realty Downtown LLC

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