10623-10709 W 8th Avenue

    Lakewood, CO 80215
    • $3,125,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 9330961
    UPDATED: 41 min ago
    $3,125,000
    • 24
      BEDS
    • 1.25
      ACRES
    • 24
      BATHS
    • 0
      1/2 BATHS
    • 13,898
      SQFT
    • $225
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Information

    Middle School:
    High School:
    School District:
    Offered by Pinnacle Real Estate Advisors.

    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 updatedelectrical. Excellent long term cash flow with below market rents and future development opportunity.

    Monthly Payment Calculator



    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Wisdom Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.wisdomrealestate.com/homes/88049882

    10623-10709 W 8th Avenue Lakewood, CO 80215

    • Price: $3,125,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 9330961
    24
    Beds
    24
    Baths
    0
    ½ Baths
    1.25
    Acres
    13,898
    SQFT
    $225
    $/SQFT
    1961
    Built
    Neighborhood:
    North Kipling
    County:
    Jefferson
    Area:
    Lakewood
    Middle School:
    Creighton
    High School:
    Lakewood
    School District:
    Jefferson County R-1
    Property 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 updatedelectrical. Excellent long term cash flow with below market rents and future development opportunity.
    Exterior Features

    Construction Materials Brick Construction Methods Frame Exterior Features Yard Parking Off-Street (24 Spaces) Parking Total Searchable 24 Roof Unknown Style Characteristics Low Rise (1-3)

    Interior Features

    Basement Size None Cooling Air Conditioning-Individual Heating Hot Water Heating Fuel Gas Kitchen Appliances Refrigerator (Kitchen)Stove/Range/Oven Sq Ft Above 13898 Sq Ft Finished 13898

    Property Features

    Annual Expense Actual 84226 Annual Expense Proj 82927 Annual Income Actual 268620 Annual Income Proj 294495 Annual Net Income Actual 184394 Annual Net Income Proj 211568 Building Type Low Rise (All Units) Has Hoa YN No Listing Financing CashConventionalExchangeOther Seller Type Individual Status Conditions None Known Tax Amount 14084.16 Tax Year 2017 Transaction Type For Sale Unit Count 1 Zoning M-R-S

    Listing courtesy of Pinnacle Real Estate Advisors: MLS #9330961


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Wisdom Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    Wisdom Real Estate
    1740 High St
    Denver CO, 80218
    Offered by Pinnacle Real Estate Advisors.