1363 Pierce St - Apartments FOR SALE


Lakewood, CO 80214- Molholm Two Creeks
$3,625,000 USD
908-418-1799
1363 Pierce St, Lakewood, CO for Sale
$3,625,000 USD
Apartments - FOR SALE
1/29
null | 6.28% Cap Rate

1363 Pierce St
Lakewood, CO 80214
Molholm Two Creeks


HIGHLIGHTS

  • TOD Location in Lakewood – Short Walk to Lamar Light Rail Station
  • Rapidly Changing Neighborhood – Residential Development Throughout
  • Recent Renovations & Capital Improvements
  • Tenant-Focused Amenities
  • Value-Add Potential
  • Attractive Assumable Debt

OVERVIEW

As exclusive Advisor, MMG is pleased to present Red Brick Apartments, a 17-unit multifamily asset in Lakewood, CO. With a demonstrated ability to enhance value through renovations and achieving market rents, this property presents a compelling investment opportunity. The combination of assumable debt, an attractive location, and a high quality tenant base makes it a strong asset for investors looking to capitalize on Lakewood’s growing rental market.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

17

PRICE/UNIT

$213,235

CAP RATE

6.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Brick Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,618 SF

ZONING

R-5, Lakewood

APN/PARCEL ID

49-021-11-010

ASK ABOUT THIS PROPERTY

908-418-1799

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908-418-1799

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