Lakewood, CO 80226
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!
Robert Wayne Everett with EVERETT AND COMPANY
2018 Shop Real Estate. All rights reserved. © Collaborative Home Search by RealSavvy
“Copyright © 2018 REcolorado®. The information being provided on this website is for consumers’ personal, non-commercial use and may not be used for any other purpose.”