Overview

* Very unique student housing investment opportunity offering one building containing four (4) individual condo units built in 1981. Each condo has 3 bedrooms and 1 3/4 baths. * Colorado Christian University (CCU) is located approximately three (3) blocks to the east of the subject property and currently has a master lease on all of the four (4) units. The current Lease expires on June 30, 2018. * CCU is responsible for all the utilities, insurance, snow and trash removal, interior and exterior lighting, janitorial, minor plumbing repairs, furnace and a/c filter replacement, broken glass (not covered by insurance), annual carpet cleaning and annual preventative maintenance of the boilers, water heaters and a/c. * Owner is responsible for the Real Estate Taxes (2016: $4,867.78), HOA dues $100 per month and repairs over $2,500 per occurrence. * Current rental income is $5,200/per month for all four (4) units. * Great opportunity for a turn key investment.

Location

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Neighborhood

Creighton

Creighton (14)

Property Details

  • Days on PL 425
  • Parking 6 Spaces
  • Lot Size 1,774 SF (0 Acres)
  • PSF $169
  • MLS ID 9565589
  • Type Income
  • Style
  • Architecture
  • Structure Type
  • Seller Corporation/Trust
  • Above Grade sqft 5,766 SF
  • Finished sqft 5,766 FSF
  • Total sqft 5,766 TSF
  • Hoa Fees $1,200 / Annual
  • Year Built 1981
  • Faces
  • Amenities Tenant Occupied

Additional Details

  • City Lakewood
  • School Districts Jefferson County R-1
  • Elementary School South Lakewood
  • Junior High School Creighton
  • High School Lakewood
  • Zoned M-R-S
  • Taxes $1,185
  • County Jefferson
  • Heat Delivery Forced Air
  • Heat Fuel Electric, Gas
  • Cooling Other
  • Water
  • Sewer
  • Fireplaces
  • Basement Type
  • Basement Finished % %
  • Year of Construction 1981

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