120 Jay Street,
Lakewood CO, 80226
Description
8.2% cap rate! 7 unit apartment building in Lakewood, just 15 minutes away from Downtown Denver and a straight shot into the mountains going West on Highway 6. Consist of seven 3-bedroom apartments on a large, well-maintained lot. Plus a large laundry/mechanical room that includes 7 storage units for additional income. This space could also be a potential 8th unit! Great location: Just minutes away from the Light Rail - Denver West Line. Close to great retail stores such as Walmart, Home Depot and the shops at Belmar which include Whole Foods and the Lakewood City Commons. The Lakewood Reinvestment Authority is the major economic force in the Lakewood area and has encouraged a combination of gentrification and new construction which is occurring within this defined neighborhood.
Details
| MLS# | 3790218 |
|---|---|
| Style | Industrial |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1958 |
| Days On Site | 225 |
Features
| SQ Feet | 6,156 |
|---|---|
| Story(s) | 1 |
| Units | 7 |
| Zoning | MRS / Apartment Low Rise |
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Area Information | |
|---|---|
| State | CO |
| County | Jefferson |
| City | Lakewood |
| Zip Code | 80226 |
| Area | Jefferson |
| Listing VS Median (in 80226) | |
Price: $1,325,000 low | high Med: $432,000 SqFt: 6,156 low | high Med: 2,461 $ / SqFt: $215 low | high Med: $176 On Site: 225 low | high Med: 36.500000 | |
MLS Number: 3790218Listing Provided By:
Michelle Thomas of Keller Williams Realty Downtown LLC