Overview

Fourteen Unit Investment Opportunity. Fully leased three separate buildings. Two buildings with 4 units each and one with 6 units. Each unit is individually deeded with a separate meter and could be individually sold at any time. This property has gone thru some major improvements with new retaining walls ($19,631), newer roofs ($46,742), newer windows ($3,050), new deck and stairs ($53,508), newer furnaces ($14,375) and each unit has been updated since ownership. There is a 22 space parking lot, storage shed. Close to the Light Rail, new Montessori school being constructed across the street as well as a school farm just a block away. Rent-O-Meter has the average rent for the area estimated at $1,272/month. 10 units are on month to month and 4 unit leases expire in Feb and May 2018.

Location

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Neighborhood

South Alameda

South Alameda (20)

Property Details

  • Days on PL 19
  • Parking 22 Spaces
  • Lot Size 24,218 SF (0 Acres)
  • PSF $187
  • MLS ID 6201982
  • Type Income
  • Style Low Rise (1-3)
  • Architecture Traditional
  • Structure Type Multi-Level
  • Seller Corporation/Trust
  • Above Grade sqft 11,796 SF
  • Finished sqft 11,796 FSF
  • Total sqft 11,796 TSF
  • Hoa Fees None
  • Year Built 1983
  • Faces
  • Amenities 1031 Exchange, Air Conditioning-Central, Balcony, Carpet, Dishwasher, Disposal, Double Pane Windows, Eating Space / Kitchen, Fence, Front Porch, Income Potential, Professional Landscaping, Quick Possession, Refrigerator (Kitchen), Remodeled, Sprinkler System, Stove/Range/Oven, Tile Floor, Updated, Vinyl/Linoleum, Wood Floors, Yard

Additional Details

  • City Lakewood
  • School Districts Jefferson County R-1
  • Elementary School Deane
  • Junior High School Alameda Int'l
  • High School Alameda Int'l
  • Zoned RES
  • Taxes $8,567
  • County Jefferson
  • Heat Delivery Forced Air
  • Heat Fuel Gas
  • Cooling Air Conditioning-Central
  • Water
  • Sewer
  • Fireplaces
  • Basement Type
  • Basement Finished % %
  • Year of Construction 1983