5365 W 3rd Pl Pending Save Request In-Person Tour Request Virtual Tour
Lakewood,CO 80226
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Pending
Purchase Type For Sale
Square Footage 2,988 sqft
Price per Sqft $266
Subdivision North Alameda
MLS Listing ID 6282231
Style Ranch
Bedrooms 8
Year Built 1961
Annual Tax Amount $4,624
Property Sub-Type Income Property
Property 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!
Location
State CO
County Jefferson
Area Metro Denver
Interior
Heating Forced Air
Exterior
Exterior Feature Balcony
Garage Spaces 10.0
Fence Partial
Roof Type Composition
Building
Story 1
Sewer City Sewer,Public Sewer
Water City Water
Structure Type Wood/Frame,Brick/Brick Veneer,Block,Concrete
New Construction false
Schools
Elementary Schools Deane
Middle Schools Alameda Int'L
High Schools Alameda Int'L
School District Jefferson County R-1
Others
Special Listing Condition Private Owner
Virtual Tour https://my.matterport.com/show/?m=y9UjhjkREdu