5275 West 1st Avenue

Lakewood, CO 80226

  • 59 beds
  • 32 baths
  • 47,780 sq ft
  • 1.34 acres lot

$2,275,000

$2,165,800

  • Sold
  • MLS 8236456

PROPERTY DESCRIPTION

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!

PRESENTED BY

Robert Wayne Everett with EVERETT AND COMPANY

Essential Information

  • MLS
    8236456
  • Structural Style
    Multi-Story
  • Square Feet
    49,520 sq. ft.
  • BedsTotal
    59
  • Property Type
    Income
  • Architectural Style
    N/A
  • List Price
    $2,275,000
  • BathsFull
    N/A
  • Property SubType
    Income
  • Year Built
    1961
  • Status
    Sold
  • BathsHalf
    N/A

Interior Details

  • Basement Type
    Apartment
  • Basement Floor Type
    N/A
  • Interior Features
    Eating Space / Kitchen,Window Coverings
  • Basement Size
    Partial
  • Basement Square Foot
    3340
  • Flooring
    Carpet,Tile Floor,Vinyl/Linoleum

Exterior Details

  • Construction
    Brick
  • Materials
    Brick
  • Roof
    Composition Shingles

Amenities

  • Cooling
    None
  • Fireplaces
    N/A
  • Fireplace Features
    N/A
  • Exterior Features
    N/A
  • Fencing
    N/A
  • Sewer
    N/A
  • Heating
    Baseboard
  • Fireplace Locations
    N/A
  • Kitchen Appliances
    Refrigerator (Kitchen),Stove/Range/Oven
  • View
    N/A
  • Parking Count
    2

Finance

  • Tax Amount
    $15,259
  • Association Fee Annual
    $0
  • Tax Year
    2013
  • Fee Frequency
    N/A

School Information

  • School District
    Jefferson County R-1
  • Elementary
    Stein
  • Middle / Junior
    O'connell
  • HighSchool
    Alameda

Community Information

  • City
    Lakewood
  • County
    Jefferson
  • Association Fee Includes
    N/A
  • Neighborhood
    Lakewood
  • State
    CO

Sold History

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  • MLS Number: 8236456
    Closed on December 31 2014 for $2,165,800
  • MLS Number: 4318765
    Closed on August 12 2016 for $3,625,000

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This content last updated on 09/14/2016 12:20AM. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.