1550-1568 Kendall St - Apartments FOR SALE


Lakewood, CO 80214- Edgewood
$1,750,000 USD
908-418-1799
1550-1568 Kendall St, Lakewood, CO for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | 5.79% Cap Rate

1550-1568 Kendall St
Lakewood, CO 80214
Edgewood


HIGHLIGHTS

  • Attractive unit mix of spacious two-bedrooms units.
  • All units are separately metered for gas and electric, significantly reducing utility expenses and enhancing operational efficiency.
  • Situated on a substantial 29,000 SF of high-density multifamily zoning, the property is excluded from Lakewood's 1% growth restriction.
  • All units have been thoroughly updated to meet modern standards, and the roof was replaced in 2023.

OVERVIEW

MMG is pleased to present Kendall Apartments, an investment opportunity in the thriving Sloan's Lake/Edgewater neighborhood, just west of Denver. This 9-unit multifamily property features a highly desirable unit mix of spacious two-bedroom units, ensuring broad tenant appeal and consistent demand. Each unit is separately metered for gas and electric, significantly reducing utility expenses and enhancing operational efficiency. Situated on 29,000 SF of high-density multifamily zoning, the property is exempt from Lakewood's 1% growth restriction, offering substantial redevelopment potential and future appreciation. All units have been updated to meet modern standards, and the roof was replaced in 2023, minimizing immediate capital expenditures and ensuring a hassle-free investment. This well-maintained asset, strategically located in a vibrant neighborhood, promises strong tenant demand and excellent upside potential, making it an ideal addition to any commercial real estate portfolio.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

9

PRICE/UNIT

$194,444

CAP RATE

5.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

39,901 SF

ZONING

M-G-U

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

908-418-1799

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908-418-1799

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