Active
1650 Vance Street Bldg , Unit
See all 13 Photos Active Lakewood, CO 80214
MLS# 7150469
Listed by Josh Newell on 10/13/2022
Commercial Property Type
0.64 Acres
6336.00 Sq Ft
1952 Year Built
Zoning
Overview
• Very Attractive Financing: 3.22% Assumable Loan Fixed Through May 1, 2026 • Multiple Income Sources: (3) Adjacent 4-Plexes + (10) Garages + Large Workshop • Potential Covered-Land Play: Excellent Zoning (R-MF) on 0.64 Acres Allows for a 48 Unit Apartment Redevelopment • Opportunity to Split Property Into (3) 4-Plexes & Sell Off Individual 4-Plexes • Many Recent Capital Improvements Including New: Windows, Electrical Panels, Exterior Paint & Numerous Interior Updates • 6.08% Current CAP Rate • City Mandated Residential Growth Restrictions Will Rapidly Increase Rents & Values in Lakewood • Proforma Rents Already Being Achieved • Short Walk to Wadsworth Light Rail Station, Large Retail, Restaurants and Employment Centers
New Home Sales Hours
Courtesy Of Pinnacle Real Estate Advisors
Source: REcolorado
Upcoming Open Houses
Virtual Open Houses
Features
Leasing Information
Leasing Details
- Application Fee $
- Availability Date
- Corporate Rental?
- Deposits Potentially Refundable
- Existing Lease Type
- Lease Amount $
- Lease Description
- Lease Duration
- Liability Insurance Required
- Owner Pays Electricity,Gas,Trash Collection
- Rent Deposit
- Rental Application
- Security Deposit $
Pet Details
- Pet Deposit
- Pet Rent
- Pets Allowed
Interior Features
Summary
- Year Built Effective 2021
Basement Details
- Basement? No
- Basement
- Basement Ceiling Height
Fireplace Detail
- Fireplace Features
- No. of Fireplaces
Square Foot Details
- SqFt 6,336
- Living Area, Finished
- Above grade, Finished
- Basement, Finished
- Basement, Unfinished
- PSF Total $370.90
- PSF Finished $
- PSF Above Grade $
Use details
- Leaseable Area
- Office Area
- Retail Area
- Warehouse Area
Other
- Accessibility Features
- Appliances
- Building Class
- Building Features
- Ceiling Height
- Common Walls
- Exclusions Tenant Possessions
- Flooring
- Furnished
- Interior Features
- Laundry Availability
- Security Features
- Spa Features
- Window Features
Room Details
Bathroom Details Total Bathrooms:
- Full Baths 1/2 Baths 1/4 Baths 3/4 Baths
- Total Bathrooms
Bathroom Location Details
- Main Level Upper Level Lower Level Basement
Bedroom Location Details Total Bedrooms:
- Main Level Upper Level Lower Level Basement
More Room Details
- Room Level Room Type Room Description Room Width Room Length
Unit Information
Summary
- Number of Units 12
- Number of Units Furnished
- Number of Units Vacant
- Unit Features
Single Unit Details
- Unit Type 1 Bedroom
- Total Units 12
- Average Rent
- Average SqFt 525.00
- Dishwashers
- Washers
- Dryers
- Hookups
- Refrigerators
- Stoves
- Air Conditions
- Fireplaces
- Storage Units
- Description 1Bd/1Ba
- Actual Rent
- Total Rent
- Bedrooms Per Unit
- Bathrooms per Unit
- Parking Per Unit 1
Exterior/Lot Features
Summary
- Available Elevations
- Entry Location
- Faces
- Horse Amenities
- Horse Property
- Levels Two
- Stories 2
- Structure Type Mid Rise (4-7)
- Unit Floor #
- View
Builder Details
- Builder
- Completion Time From Groundbreaking
- Model Type
Construction details
- Architecture
- Construction Materials Frame
- Foundation Details
- Roof Membrane
Exterior Details
- Dock Features
- Door Features
- Exterior Features
- Fencing
- Number of Docks
- Number of Doors
- Number of Storage Units
- Other Equipment
- Other Structures
- Patio And Porch Features
- Pool Features
- Ski Features
Livable Structure Details
- Type Bedrooms Bathooms Sq Ft Flooring Description
Lot Details
- Acres Leased
- Crop Acres
- Cultivated Acres
- Features Landscaped,Near Public Transit
- Irrigated Acres
- Lot Number
- Lot Size Acres 0.64
- Lot Size Dimensions
- Lot Size SqFt 27,878.40
- Sq Ft
- Pasture Acres
- Price Per Acre $3,671,875
- Vegetation
- Waterfront Features
Mobile Details
- Make
- Model
- Body Type
- Exterior Dimensions x
- Skirt
Outbuilding details
Road details
- Access Public Road
- Road Responsibility Public Maintained Road
- Road Surface Paved
Parking/Garage
Parking Space Summary
- Parking Features
- Total Parking Spaces 10
- Garage Spaces
- Total Carport Spaces
- Total Offstreet Spaces 0
- Total Reserved Spaces 0
- Total RV Spaces 0
Parking Space Details
- Garage Total
- 10
Utilities & Green Home Features
Summary
- Cooling
- Green Energy Efficient
- Heating
- HVAC Description
Green Ratings
- Green Certification Level Certified Year Certified Score
Power Production Details
- Type Size Year Installed Ownership Lease Amount Purchase Agreement Amount
Sewer
- Sewer Public Sewer
- Sewer Fee
- Sewer Tap Paid YN
Utilities details
- Electric Service
- Gas Tap Fee
- Gas Tap Paid YN
- Utilities
Water / Well
- Irrigation Source
- Issued Well Permit Numbers
- Water Available 1
- Water Source
- Well Type
- Well Usage
- Water Fees
- Water Tap Paid?
- Water/Mineral Rights
Association Information
HOA Summary
- Amenities Completed
- Amenities Opening
- Association Amenities
- Association(s) No
- HOA Fee Includes
- Total Annual HOA Fees $0
Financial Considerations
Summary
- Cap Rate 6.74
- Cap Rate Calculation
Actual expense details
- Operating Expense $61195.00
- Operating Expense Includes Accounting,Advertising,Insurance,Maintenance,Professional Management,Real Estate Tax,Utilities
Commission Information
- Buyer Agency Compensation 2.80%
- Compensation Offered
- Dual Variable Compensation No
- Commission Modified
- Closing Comments
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Income details
- Actual Annual Net Income $142,986
- Gross Income $204,181
- Income Includes
- Income Includes Description
Landleasing details
- Land Lease Amount
- Land Lease Amount Frequency
- Land Lease?
Projected
- Other Annual Income $
- Potential Rental Income Annual $
- Projected Annual Expense $59,250
- Projected Annual Net Income $158,496
- Projected Gross Income $217,747
- Projected Gross Operating Income $
- Projected Gross Scheduled Income $
- Vacancy Credit Losses
Tax details
- Annual Tax $10,301
- Legal Description SECTION 35 TOWNSHIP 03 RANGE 69 QTR SE SIZE: 27704 VALUE: .636 KEY=158
- Tax Exemptions
- Tax ID 050515
- Tax Year 2021
Other
- Tenant Pays Cable TV,Internet,Telephone,Water
- Utilities Metering
- Utilities Paid By Tenant
Neighborhood
Summary
- Building Name Vance Apartments & Garages
- Development Name
- Park Name
- Senior Community No
- Subdivision
New Home Community
Zoning Details
- Current Use Multi-Family
- Incorporated? No
- Zoning
- Zoning Jurisdiction
Other
Business Details
- Business Amenities
- BusinessDescription
- BusinessType
- Year Established
History
- Original List Price $2,525,000
Partial Ownership Details
- Partial Ownership Amount
- Week Remarks
- Weeks Available
Other
- Home Warranty
- Ownership
- Possession
- Special Listing Conditions None Known
- Year Built 1952
This REALTOR? is a member of the National Association of REALTORS?
Pinnacle Real Estate Advisors
Mortgage Calculator
School Zone
District:
Schools: Elementary School, High School, Middle School
Area Map
Walk Score
Bike Score
0
description
Transit Score
0
description
summary
Walk Score
0
description
Demographics
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Commercial 2 /properties/Listing_2029611078+1650+Vance+Lakewood+CO+80214-recolorado2029611078.html
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- Saturday: 8:00 AM to 5:00 PM
- Phone: (303) 850-9576
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Contact Info
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- Phone: (303) 850-9576
- Fax: (303) 850-9637
