Dave Moloney - Coldwell Banker Distinctive Properties
10623-10709 W 8th Avenue
Lakewood, CO 80215

$3,125,000

Description

3 separately deeded 8-unit buildings on a massive 1.25 acre lot. 24 1Bed/1Bath units. Nearly all units have been updated and achieving proforma rents on newest leases. Only $130,208/unit with rental upside. Walking distance to the Oak Street Light Rail Station, 24 off-street parking spaces, and updated electrical. Excellent long term cash flow with below market rents and future development opportunity.

Details

MLS#9330961
StyleIndustrial
Sub-TypeResale
StatusUnder Contract
Year1961
Days On Site79

Features

SQ Feet13,898
Story(s)1
Units24
ZoningM-R-S

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Area Information

StateCO
CountyJefferson
CityLakewood
Zip Code80215
AreaJefferson
Listing VS Median (in 80215)
Price:
$3,125,000
low | high
Med:
$450,000
100% of Average
SqFt:
13,898
low | high
Med:
1,456
100% of Average
$ / SqFt:
$225
low | high
Med:
$309
12.547252747253% of Average
On Site:
79
low | high
Med:
9
100% of Average
Listing Updated: 12/15/2018
MLS Number: 9330961
Listing Provided By:
Robert Lawson  of  Pinnacle Real Estate Advisors
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