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W 13th Avenue,  Lakewood CO, 80215 ( Sold )

  • Sold Price:
    $790,000
  • 05/23/2014

MLS# 3066980
|
16 beds, 8 baths
Source:REcolorado

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Listing Provided Courtesy Of: APARTMENT REALTY ADVISORS
Last Updated: 12/5/2016 6:07 AM
Description for W 13th Avenue,  Lakewood CO, 80215
⢠Unparalleled Light Rail Access ⓠThe property is less than a block from the Oak Light Rail Station on the West Corridor Line providing residents with direct access to the Denver Federal Center, the Jefferson County Government Center, downtown Denver, and the Southwest and Southeast light rail lines. ⢠High Barriers to Entry ⓠIn the City of Lakewood, a lack of available land sites coupled with an extraordinarily difficult city approval process have resulted in no new multifamily developments since 2001 outside of the Belmar redevelopment. In nearby Golden, not a single market-rate multifamily property has been built since 1995. ⢠Proven Value-Add Opportunity ⓠThe seller of the property has initiated a value-add unit renovation project that demonstrates significant upside to the purchaser. Currently 25% of the units have been renovated with new appliances, granite counter tops, floors, and cut out kitchen walls. These renovated units are achieving rent premiums between 15-25%.
Price
Sold Price:
$790,000
Sold Date:05/23/2014
Lakewood
Jefferson
16
8
6,600 (approx)
3066980
Sold
Description
⢠Unparalleled Light Rail Access ⓠThe property is less than a block from the Oak Light Rail Station on the West Corridor Line providing residents with direct access to the Denver Federal Center, the Jefferson County Government Center, downtown Denver, and the Southwest and Southeast light rail lines. ⢠High Barriers to Entry ⓠIn the City of Lakewood, a lack of available land sites coupled with an extraordinarily difficult city approval process have resulted in no new multifamily developments since 2001 outside of the Belmar redevelopment. In nearby Golden, not a single market-rate multifamily property has been built since 1995. ⢠Proven Value-Add Opportunity ⓠThe seller of the property has initiated a value-add unit renovation project that demonstrates significant upside to the purchaser. Currently 25% of the units have been renovated with new appliances, granite counter tops, floors, and cut out kitchen walls. These renovated units are achieving rent premiums between 15-25%.
Listing Information
Property Type: Multi-Family
Multi Level 16
8 0.41 Acres
6,600 (approx) $119.7 1980
Wood Siding, Frame
Lakewood
6,600 Sq. Ft. (approx)
Individual Electric Meters
8 Total
Neighborhood
School Information
District: Jefferson R-1
ELBER CREIGHTON LAKEWOOD
Interior Features
Ceiling Fan(s)
Electric Heating, Baseboard
Full
Exterior / Lot Features
Wood, Frame
R-M-U
Public Transport
Financial Considerations
083243 & 027616
$2,167
2012
Listing Price History

Lakewood Real Estate

Lakewood is located in Colorado. Lakewood, Colorado 80215 has a population of 143,496.

The median household income in Lakewood, Colorado 80215 is $55,093. The median household income for the surrounding county is $68,748 compared to the national median of $53,046. The median age of people living in Lakewood 80215 is 38.7 years.

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Courtesy: APARTMENT REALTY ADVISORS
Copyright © 2016 REcolorado. All rights reserved. Information is deemed reliable but is not guaranteed.

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