950 Allison St - Apartments FOR SALE


Lakewood, CO 80214
$1,400,000 USD
303-210-1623
950 Allison St, Lakewood, CO for Sale
$1,400,000 USD
Apartments - FOR SALE
1/15
null | 5.49% Cap Rate

950 Allison St
Lakewood, CO 80214


HIGHLIGHTS

  • 4 of the 6 units have private garages
  • 4 blocks from Wadsworth FasTracks Station
  • In-unit laundry hook-ups
  • Private yards for each tenant
  • Hardwood floors

OVERVIEW

950 Allison St., situated in Lakewood, offers a well-rounded unit mix, featuring four two-bedroom units, each with its own garage, and two three-bedroom up-and-down units. Every unit is equipped with in-unit laundry hook-ups and both front and back door entries, with private backyards for each. The property is separately metered for gas and electricity, which tenants pay directly to the utility companies. The units highlight hardwood floors and efficient layouts. Although the property has been meticulously maintained with no deferred maintenance, there is ample opportunity for interior upgrades that could yield higher rental income. Tenants benefit from a peaceful, country-like atmosphere while enjoying the convenience of a nearby light rail station and easy access to Highway 6. This property presents an excellent opportunity for investors to acquire a quality asset with strong potential for continued performance and growth.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

M-R-U

APN/PARCEL ID

49-023-00-012

ASK ABOUT THIS PROPERTY

Matthew LewallenNorthPeak Commercial AdvisorsMore Info
303-210-1623

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Matthew LewallenNorthPeak Commercial AdvisorsMore Info
303-210-1623

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