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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$795,000

Est. payment - /mo

8 Beds

4 Baths

2,988 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,988 sqft

Price per Sqft $266

Subdivision North Alameda

MLS Listing ID 6282231

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 2,988

Year Built 1961

Annual Tax Amount $4,624

Tax Year 2024

Property Sub-Type Quadruplex

Source recolorado

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

Interior

Heating Forced Air

Cooling None

Fireplace N

Appliance Dryer, Oven, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Balcony, Elevator, Private Yard

Parking Features Asphalt

Fence Partial

Roof Type Composition

Total Parking Spaces 10

Garage No

Building

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block,Brick,Concrete,Frame

Schools

Elementary Schools Deane

Middle Schools Alameda Int'L

High Schools Alameda Int'L

School District Jefferson County R-1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Special Listing Condition None

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Listed by Mavi Unlimited Inc

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

Learn more about this property

5365 W 3rd PL Lakewood, CO 80226