1685 Teller St - Apartments FOR SALE


Lakewood, CO 80214
$795,000 USD
303-962-9555
1685 Teller St, Lakewood, CO for Sale
$795,000 USD
Apartments - FOR SALE
1/9
null | 6.47% Cap Rate

1685 Teller St
Lakewood, CO 80214


HIGHLIGHTS

  • Recent Improvements Include Newer: Roofs, Furnaces, Sewer Line, Windows, & Interior Updates
  • 6.47% Current CAP Rate!
  • Priced Well Below Comparable Properties
  • All Units Have In-Unit Washer/Dryer
  • Two Car Garage Can Provide Additional Income
  • Only 1/2 mile to Light Rail Station

OVERVIEW

1685 Teller Street is a recently renovated 4-unit investment property located in the desirable Lakewood area. Ideally situated just half a mile from the Lamar Light Rail Station, this property offers convenient access to public transportation and is surrounded by major retail centers, including Walmart, Edgewater Market, and the iconic Casa Bonita. Each unit has been thoughtfully updated and features in-unit washers and dryers, with separate gas and electric meters for easy management. The two-car garage and expansive 0.7-acre lot provide additional income potential and future redevelopment opportunities. This property presents a great combination of stable cash flow and long-term value in a prime location.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

4

PRICE/UNIT

$198,750

CAP RATE

6.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

R-MF

APN/PARCEL ID

39-354-00-012

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.