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11508 W 16th Ave

Lakewood, CO 80215
  • $2,300,000
  • STATUS: Active
  • ON SITE: 79 Days
  • MLS #: 1019299
UPDATED: 63 min ago
$2,300,000
  • 15
    BEDS
  • 0.14
    ACRES
  • 20
    BATHS
  • 0
    1/2 BATHS
  • 7,538
    SQFT
  • $305
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Turn-Key, Fully Rented Investment Opportunity! Start collecting income the day you close on this newly completed 5-unit multi-family townhome complex. Each townhome boasts 1,500 sqft of modern living space, featuring 3 bedrooms and 4 bathrooms, with rental income of $2,900 - $3,100/month per unit. Includes a builder warranty. The property includes durable flooring throughout, in-unit laundry facilities, central air conditioning, and fully equipped kitchen. Located in the path of progress, just blocks away from the Light Rail Station and Denver Federal Center redevelopment. This property offers seamless investment potential-let the builder's loss be your gain! Don't miss out on this excellent opportunity to expand your portfolio with a high-demand rental property in a prime location.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2024-12-14T09:41:12.607.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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11508 W 16th Ave Lakewood, CO 80215

  • Price: $2,300,000
  • Status: Active
  • On Site: 79 Days
  • Updated: 63 min ago
  • MLS #: 1019299
15
Beds
20
Baths
0
½ Baths
0.14
Acres
7,538
SQFT
$305
$/SQFT
2024
Built
Neighborhood:
New Rochelle
County:
Jefferson
Area:
12 Denver Metro area
Elementary School:
Stober
Middle School:
Everitt
High School:
Wheat Ridge
School District:
Jefferson Dist R-1
Property Description
Turn-Key, Fully Rented Investment Opportunity! Start collecting income the day you close on this newly completed 5-unit multi-family townhome complex. Each townhome boasts 1,500 sqft of modern living space, featuring 3 bedrooms and 4 bathrooms, with rental income of $2,900 - $3,100/month per unit. Includes a builder warranty. The property includes durable flooring throughout, in-unit laundry facilities, central air conditioning, and fully equipped kitchen. Located in the path of progress, just blocks away from the Light Rail Station and Denver Federal Center redevelopment. This property offers seamless investment potential-let the builder's loss be your gain! Don't miss out on this excellent opportunity to expand your portfolio with a high-demand rental property in a prime location.
Exterior Features

Construction Materials Wood/Frame Exterior Features Lighting Horse YN No Levels Three Or More Lot Features CurbsGuttersSidewalks Other Structures Workshop Parking Features Alley Access Road Surface Type Paved Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryerMicrowave Basement Crawl Space Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features Eat-in KitchenOpen Floorplan Laundry Features Washer/Dryer Hookups Living Area Source Plans Unit1 Bedrooms 3 Unit1 Est Sq Ft 1502 Unit1 Total Baths 4 Unit2 Bedrooms 3 Unit2 Est Sq Ft 1521 Unit2 Total Baths 4 Unit3 Bedrooms 3 Unit3 Est Sq Ft 1521 Unit3 Total Baths 4 Unit4 Bedrooms 3 Unit4 Est Sq Ft 1521 Unit4 Total Baths 4 Unit5 Bedrooms 3 Unit5 Est Sq Ft 1473 Unit5 Total Baths 4 Window Features Window Coverings

Property Features

Association YN No Cap Rate 6.71 Ditches Active YN No Electric ElectricXcel Gas Natural GasXcel Gross Income 169640.55 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Lakewood Net Operating Income 125368.55 New Construction YN Yes Number Of3 Bedroom Units 5 Operating Expense 44272 Possible Use Multi-Family Property Condition New Construction Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Licensed Owner Tax Annual Amount 11500 Tax Year 2023 Tenant Pays DepositGasElectricityHVAC Maintenance Unit1 Rent 3100 Unit2 Rent 2990 Unit3 Rent 2990 Unit4 Rent 2825 Unit5 Rent 2825 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity of Lakewood Zoning RES

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of David Janis of Coldwell Banker Realty-Boulder: 3034425001.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2024-12-14T09:41:12.607.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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