3530 W Lehigh Ave - Apartments FOR SALE


Denver, CO 80236- Southwest Denver
$2,100,000 USD
303-858-8100
3530 W Lehigh Ave, Denver, CO for Sale
$2,100,000 USD
Apartments - FOR SALE
1/50
null | 6.5% Cap Rate

3530 W Lehigh Ave
Denver, CO 80236
Southwest Denver


HIGHLIGHTS

  • - Renovated 2020; New sewer line, New electrical and plumbing, New monitored fire sprinklers; 3.36% assumable loan, 100% occupancy since 2020

OVERVIEW

Attention savvy investors! Presenting a rare opportunity to acquire a meticulously remodeled multi-family building with nine units. This property boasts a prime location and impeccable features designed to maximize returns and tenant satisfaction. Each unit has been tastefully renovated, offering a mix of three 2-bedroom units and six 1-bedroom units. The remodel in 2020 ensured modern living standards with brand new kitchens featuring new cabinets, stainless steel appliances, and granite countertops. Updated bathrooms, new flooring, in-unit washer and dryer and wall-mounted A/C units enhance comfort and appeal. Plus, one unit features handicap ramp access, ensuring inclusivity and compliance with accessibility standards. Investors will appreciate the added value of recent upgrades including new fire sprinklers with monitoring, new plumbing, new electrical system and new sewer line. The property is equipped with a bike rack and provides ample parking with nine dedicated spots, plus street parking for tenants. With a remarkable 100% occupancy rate since September 2020, this investment promises steady cash flow. Tenants enjoy the convenience of nearby public transportation, with the Light rail just 5 minutes away and a bus stop a mere 1 minute stroll. Additionally, the River Point shopping center is only 5 minutes away, adding to the property's desirability. With a current rental license up to date and a desirable assumable loan at a competitive rate of 3.36% through March 2031, this property offers a turnkey solution for investors seeking a reliable income stream in the commercial housing market. Act now to seize this exceptional opportunity and elevate your investment portfolio! Schedule your viewing today.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

9

PRICE/UNIT

$233,333

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RES SF

APN/PARCEL ID

2077-05-2-21-014

ASK ABOUT THIS PROPERTY

Christel DoremieuxHomeSmart RealtyMore Info
303-858-8100

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Christel DoremieuxHomeSmart RealtyMore Info
303-858-8100

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