1300 Balsam St - Apartments FOR SALE


Lakewood, CO 80214- Eiber
$1,050,000 USD
303-931-0793
1300 Balsam St, Lakewood, CO for Sale
$1,050,000 USD
Apartments - FOR SALE
1/24
null | 5.96% Cap Rate

1300 Balsam St
Lakewood, CO 80214
Eiber


OVERVIEW

Located in the heart of Lakewood, Colorado, 1300 Balsam Street presents a fantastic value-add investment opportunity. This well maintained, five-unit multifamily property offers spacious two bedroom, one-and-a-half-bath units, ideal for attracting long-term tenants. Each townhome style unit is generously sized and designed to maximize comfort and livability. The property’s value-add potential lies in its opportunity for interior updates, improved amenities, and overall aesthetic enhancements, allowing for significant rent growth and increased returns on investment. With strong demand for quality rental housing in the Lakewood area, this asset offers significant upside potential for a savvy investor. Situated in a desirable neighborhood, 1300 Balsam Street offers convenient access to major highways, shopping, dining, and outdoor recreation, making it a prime location for attracting high-quality tenants. This is a rare opportunity to acquire a well-positioned multifamily asset in one of the most dynamic rental markets in the Denver Metro area.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

5

PRICE/UNIT

$210,000

CAP RATE

5.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,625 SF

ZONING

R-MF

APN/PARCEL ID

49-022-09-010

ASK ABOUT THIS PROPERTY

Phil DanknerUnique Properties, Inc.More Info
303-931-0793

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Phil DanknerUnique Properties, Inc.More Info
303-931-0793

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