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5275 West 1st Avenue, Lakewood, CO 80226 (Sold on 12/31/2014)

  • 59 BedBeds
  • 32 Baths
  • 0 Full BathFull Baths
  • 0 Half BathHalf Baths
  • 0 3/4 Baths
  • 49,520 Sqft
  • Commercial
  • Sold
  • MLS# 8236456
  • mls board disclosure EVERETT AND COMPANY
0 More Scheduled

$2,165,800

  • Price Reduced

Property Description5275 West 1st Avenue, Lakewood, CO 80226


Rerents: 1 bdr - $725; 2 bdr - $850; 3 bdr - $1020. Rerents take one week. so rents are LOW. They should be $750, $950, $1250 for additional income of $69,600/yr. Pass on heat costs to tenants for additional income of $14,000/yr. Rent carport spaces for $35/ea for additional $13,440/yr. Repair storage units and rent for $35/ea for additional $13,440/yr. Add 10 garages for $5,000/ea and rent them for $210/ea for an additional $25,200/yr. Raise additional income of $135,680/yr! Capped at 8% that is an additional $1,696,000 in value yielding NOI of $308,500 and a cap rate of 13.6!

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Property Details5275 West 1st Avenue, Lakewood, CO 80226

Listing courtesy of: EVERETT AND COMPANY

General Features

Style  Multi-Story
Year Built  1961
Lot Size  1.3400
Total Sq. Ft  49520.00
Finished Sq. Ft.  47780
Beds  59
Baths  32

Interior Features

Square Footage Above approx  46180
Heating  Baseboard
Flooring  Carpet, Tile Floor, Vinyl/Linoleum
Cooling Description  None
Additional Interior Features  Eating Space / Kitchen, Window Coverings

Exterior / Lot Features

ZONING  M-R-S

Schools

School District  Jefferson County R-1
Elementary  Stein
Middle  O'connell
High  Alameda

Financial Considerations

Tax Amount  $1525900
Tax Year  15259

Directions

From 1st and Sheridan, west to the property.

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Monthly insurance : $0.00
Monthly taxes : $0.00
Monthly payment : $0.00
Total monthly payment : $0.00

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mls board disclosure

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Alliance are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. [more]

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