Lakewood, CO 80226,5365 W 3rd Pl
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Lakewood, CO 80226,5365 W 3rd Pl,Video Tour
Lakewood, CO 80226,5365 W 3rd Pl
Lakewood, CO 80226,5365 W 3rd Pl
Lakewood, CO 80226,5365 W 3rd Pl
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$ 875,000
Est. payment /mo
New

5365 W 3rd Pl Lakewood, CO 80226

8 Beds

4 Baths

2,988 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 2,988 sqft

Subdivision North Alameda

MLS Listing ID 6282231

Style Ranch

Bedrooms 8

HOA Y/N false

Abv Grd Liv Area 2,988

Year Built 1961

Annual Tax Amount $4,624

Property Sub-Type Income Property

Source REcolorado

Property Description

Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision.

Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location.

When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!

Location

State CO

County Jefferson

Area Metro Denver

Direction From 6th Ave take the Sheridan exit, and head south. Take a right onto 4th Ave, and your first left on Ames, then another right onto 3rd Pl. 2nd building on the right hand side.

Interior

Heating Forced Air

Appliance Refrigerator, Washer, Dryer

Exterior

Exterior Feature Balcony

Garage Spaces 10.0

Fence Partial

Roof Type Composition

Handicap Access Accessible Elevator Installed

Building

Story 1

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories One

Structure Type Wood/Frame,Brick/Brick Veneer,Block,Concrete

New Construction false

Schools

Elementary Schools Deane

Middle Schools Alameda Int'L

High Schools Alameda Int'L

School District Jefferson County R-1

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Private Owner

Virtual Tour https://my.matterport.com/show/?m=y9UjhjkREdu


Information and Real Estate Services (IRES)
Listed by Michael Hoover • Mavi Unlimited Inc • [email protected],720-771-8061
agent

Dewey Shanks

Agent | License ID: P32281

+1(806) 681-3612

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5365 W 3rd Pl