9701 W Colfax Avenue

    Lakewood, CO 80215
    • $1,050,000
    • STATUS: Under Contract
    • ON SITE: 48 days
    • ID#: 2917925
    Under Contract
    UPDATED: 62 min ago
    $1,050,000
    • 5
      BEDS
    • 0.3
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 2,794
      SQFT
    • $376
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Goodman Commercial Real Estate Llc.

    Description

    MAJOR RECENT PRICE REDUCTION ($200,000)! This property is situated on a corner lot with heavy traffic and high visibility from Colfax Ave. This building is currently fully occupied by a mix of retail and residential tenants. All Tenants are on Month-To-Month Leases. Fantastic mixed-use investment. Small spaces and great rents due to the smaller square footage units. 6 retail spaces getting tremendous $/SF due to the small sizes. 5 studios/efficiency units on the lower level. Hardly any historical vacancy; units rent immediately upon former tenant leaving.

    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.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.wisdomrealestate.com/homes/98374643

    9701 W Colfax Avenue Lakewood, CO 80215

    • Price: $1,050,000
    • Status: Under Contract
    • Updated: 62 min ago
    • ID#: 2917925
    5
    Beds
    7
    Baths
    0
    ½ Baths
    0.3
    Acres
    2,794
    SQFT
    $376
    $/SQFT
    1946
    Built
    Neighborhood:
    Heverly Heights
    County:
    Jefferson
    Area:
    Lakewood
    Elementary School:
    Slater
    Middle School:
    Creighton
    High School:
    Lakewood
    School District:
    Jefferson County R-1
    Property Description
    MAJOR RECENT PRICE REDUCTION ($200,000)! This property is situated on a corner lot with heavy traffic and high visibility from Colfax Ave. This building is currently fully occupied by a mix of retail and residential tenants. All Tenants are on Month-To-Month Leases. Fantastic mixed-use investment. Small spaces and great rents due to the smaller square footage units. 6 retail spaces getting tremendous $/SF due to the small sizes. 5 studios/efficiency units on the lower level. Hardly any historical vacancy; units rent immediately upon former tenant leaving.
    Exterior Features

    Construction Materials Stone Construction Methods Brick Distance To Bus 0.11 Distance To Light Rail 0.60 Parking Off-Street (23 Spaces) Parking Features Driveway-Asphalt Parking Total Searchable 23 Road Surface Paved Road Roof Membrane Site Features Near Public Transit Structural Style Multi-Story Style Characteristics Low Rise (1-3) Unit Access Exterior Access View City View

    Interior Features

    Basement Floor Type Slab Basement Size None Cooling Air Conditioning-Individual Flooring Laminate Heating BaseboardRadiant Heating Fuel ElectricGas Interior Features Eating Space / Kitchen Other HVAC Central Hot WaterElectric Water Heater Sq Ft Above 2794 Sq Ft Finished 2794

    Property Features

    Additional Information Tenant Occupied Annual Expense Actual 17111 Annual Expense Proj 41280 Annual Income Actual 89400 Annual Income Proj 115800 Annual Net Income Actual 72289 Annual Net Income Proj 74520 Building Name Busy Village Building Type 5+ Plex (All Units) Business Type Mixed UsePersonal ServiceRetailStrip Center Capitalization Rate 6.88 Contingent Approval Conditions None Known Features Commercial Improvements Has Hoa YN No Is Incorporated YN Yes Listing Financing CashConventionalExchange Owner Paid Utilities GasInsuranceMaintenanceProperty TaxWater Seller Type Individual Status Conditions None Known Tax Amount 8022.56 Tax Year 2019 Transaction Type For Sale Unit Count 1 Zoning M-G-S

    Listing courtesy of Goodman Commercial Real Estate Llc: MLS #2917925


    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.

    © 2019 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 Goodman Commercial Real Estate Llc.