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$2,275,000 - 5275 W 1st Avenue, Lakewood

59
Bedrooms
32
Baths
49,520
SQ. Feet
1.34
Acres

Rerents: 1 bdr - $725; 2 bdr - $850; 3 bdr - $1020. Rerents take one week. so rents are LOW. They should be $750, $950, $1250 for additional income of $69,600/yr. Pass on heat costs to tenants for additional income of $14,000/yr. Rent carport spaces for $35/ea for additional $13,440/yr. Repair storage units and rent for $35/ea for additional $13,440/yr. Add 10 garages for $5,000/ea and rent them for $210/ea for an additional $25,200/yr. Raise additional income of $135,680/yr! Capped at 8% that is an additional $1,696,000 in value yielding NOI of $308,500 and a cap rate of 13.6!

Everett And Company

Essential Information

  • MLS® #:
    8236456
  • Price:
    $2,275,000
  • Bedrooms:
    59
  • Bathrooms:
    32.00
  • Square Footage:
    49,520
  • Acres:
    1.34
  • Type:
    Income
  • Sub-Type:
    Income
  • Style:
    Multi-Story
  • Status:
    Sold

Community Information

  • Address:
    5275 W 1st Avenue
  • Subdivision:
    Lakewood
  • City:
    Lakewood
  • County:
    Jefferson
  • State:
    CO
  • Zip Code:
    80226

Amenities

  • Features:
    Near Public Transit
  • Parking Spaces:
    77

Interior

  • Interior Features:
    Eating Space / Kitchen, Window Coverings
  • Appliances:
    Refrigerator (Kitchen), Stove/Range/Oven
  • Heating:
    Baseboard
  • Cooling:
    None

Exterior

  • Lot Description:
    58350.00
  • Roof:
    Composition Shingles
  • Construction:
    Brick

School Information

  • District:
    Jefferson R-1
  • Elementary:
    Stein
  • Middle:
    O'connell
  • High:
    Alameda

Additional Information

  • Zoning:
    M-R-S
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