1360 Zephyr St - Apartments FOR SALE


Lakewood, CO 80214- Eiber
$2,050,000 USD
303-962-9555
1360 Zephyr St, Lakewood, CO for Sale
$2,050,000 USD
Apartments - FOR SALE
1/13
null | 6.81% Cap Rate

1360 Zephyr St
Lakewood, CO 80214
Eiber


HIGHLIGHTS

  • Four Single-Story Buildings
  • Great Unit Mix: (7) 1Bd/1Ba; (2) 2Bd/1Ba & (2) 3Bd/1Ba Units
  • Newer Parking Lots & Roofs on All Buildings
  • Each Unit Contains Private Fenced Yard and Lives Like Private Single-Family Rental
  • Short Walk to Wadsworth Light Rail Station
  • 6.81% Current CAP Rate!

OVERVIEW

PRICE REDUCED! Zephyr Flats is a charming multifamily property comprising four single-story buildings totaling 11 units. It offers a great unit mix of 1Bd/1Ba, 2Bd/1Ba and 3Bd/1Ba configurations. With a strong current cap rate of 6.81% with recent capital improvements, this property offers an exceptional cash-on-cash return. Zephyr Flats is conveniently located only a quarter mile from Wadsworth Light Rail Station, and nearby retail centers at Wadsworth Blvd and Colfax Ave. Additionally, the large 27,932 SF Lot with attractive M-R-U Zoning presents an excellent redevelopment opportunity. Zephyr Flats can be purchased individually or as part of a portfolio package that includes 5275 W 1st Ave and 717 Oak Street.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

11

PRICE/UNIT

$186,364

CAP RATE

6.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zephyr Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,392 SF

ZONING

M-R-U

APN/PARCEL ID

49-022-12-002

ASK ABOUT THIS PROPERTY

Josh NewellPinnacle Real Estate AdvisorsMore Info
303-962-9555

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Josh NewellPinnacle Real Estate AdvisorsMore Info
303-962-9555

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