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261 S Lamar ST Lakewood, CO 80226
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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 8191088
Sold Date 07/20/22
Style Traditional
HOA Y/N No
Originating Board recolorado
Year Built 1960
Annual Tax Amount $9,793
Tax Year 2020
Acres 0.72
Property Description
New Price !! 5.97% Cap!
Turn-Key Asset in Desirable Location with a mix of Spacious 1 & 2 bedroom units. Well-Maintained Building in Excellent Condition with Newer Roof (2018). Property has benefited from high occupancy and low turnover under current ownership.
Several of the units have been updated allowing for new ownership to make additional improvements to remaining units while increasing rents.
• Turnkey Property with Spacious 2 Bedroom Units and Ample Off Street Parking • Several units recently updated with several more ready to be improved
• Conveniently located between Sheridan and Wadsworth Blvd., near many retail Amenities • Lakewood Initiative limits the number of new units that can be built per year creating more demand on existing units • Updated Investment Property; Low Maintenance Property in Excellent Condition
• Located less than 1 mile from Belmar Crossing with many National retailers including Whole Foods, Dicks Sporting Goods and Best Buy!
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Garage Asphalt
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Cement Shake, Membrane, Metal
Total Parking Spaces 16
Garage No
Building
Lot Description Sprinklers In Front
Sewer Public Sewer
Water Public
Structure Type Block, Brick, Concrete
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with CW Real Estate Partners
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