1600-1604 Garland St - Apartments FOR SALE


Lakewood, CO 80215- Morse Park
$4,200,000 USD
908-418-1799
1600-1604 Garland St, Lakewood, CO for Sale
$4,200,000 USD
Apartments - FOR SALE
1/22
null | 5.44% Cap Rate

1600-1604 Garland St
Lakewood, CO 80215
Morse Park


HIGHLIGHTS

  • Prime Location with Easy Access to Denver
  • Strong Market Demographics
  • Recent Capital Improvements
  • Tenant Amenities & Community Features
  • Value-Add Opportunity

OVERVIEW

MMG is pleased to present the opportunity to purchase 1600-1604 Garland St & 1601 Garrison St, a 22-unit multifamily portfolio. This asset features an exceptional unit mix, attracting a diverse tenant demographic and providing strong leasing potential. Investors can execute a value-add strategy through unit renovations, introduce a utility bill-back system to optimize operating expenses, and stabilize rental rates to align with the competitive market. These enhancements will position the property for maximized cash flow and long-term asset appreciation in a high-demand Lakewood submarket.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

22

PRICE/UNIT

$190,909

CAP RATE

5.44%

% LEASED

9%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garland & Garrison

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

39,953 SF

ZONING

PD, Lakewood

APN/PARCEL ID

39-343-01-017,39-343-01-018

ASK ABOUT THIS PROPERTY

908-418-1799

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908-418-1799

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