1045 Balsam St - Apartments FOR SALE


Lakewood, CO 80214
$2,300,000 USD
303-903-9638
1045 Balsam St, Lakewood, CO for Sale
$2,300,000 USD
Apartments - FOR SALE
1/28
null | 6% Cap Rate

1045 Balsam St
Lakewood, CO 80214


HIGHLIGHTS

  • Above average unit sizes with 2 bathrooms in 2bedroom units
  • Already achieving pro forma rents
  • Private balconies for each unit (some units with 2 balconies)
  • Separate metered electric
  • Multiple laundry rooms on-site
  • Newer roof

OVERVIEW

1045 Balsam St is an 11 unit property built in 1960. The building has a great unit mix of (1) studio, (4) 1bed/1bath, and (6) unique 2bed/2bath units. The 2bathrooms make these units great for roommate scenarios where each roommate will have a private bathroom. Tenant's enjoy private balconies (some units with multiple balconies), ample parking, and being only a few blocks away from the W line light rail. This is a perfect opportunity for an investor to come in, continue renovating units, and increase rents to improve their cashflow and add value to the property.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

11

PRICE/UNIT

$209,091

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,950 SF

ZONING

R-4, Lakewood

APN/PARCEL ID

49-022-23-015

ASK ABOUT THIS PROPERTY

Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.