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Wadsworth Station West Apartments 1260-1270 Balsam St 24 Unit Apartment Building $4,000,000 ($166,667/Unit) 6.52% Cap Rate Lakewood, CO 80214

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INVESTMENT HIGHLIGHTS

Turn-Key Asset with Newer: Floors, Kitchens, Bathrooms, Electric Panels, Roofs, Parking Lots, Sewer Line and Backflows
Just ½ Mile from Wadsworth Light Rail Station
Easy Access to US Highway 6, Downtown Denver and Mountains

Attractive Landscaping with Community Space Including Bocce Ball Court, BBQ and Lounge Area
(3) Adjacent 8-Unit Apartment Buildings on Large Lot
Can be Purchased with Heights at Sunset Park (12 Units - 1088 Miller Street & 1089 Lee Street, Lakewood, CO)

EXECUTIVE SUMMARY

JUST LISTED! Well-Maintained 24-Unit Property in Lakewood, CO; Close to Light Rail

Wadsworth Station West - OM (EMAIL)

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$374,400	$21.42
Other Income	$40,122	$2.30
Vacancy Loss	$20,726	$1.19
Effective Gross Income	$393,796	$22.53
Taxes	$22,420	$1.28
Operating Expenses	$110,651	$6.33
Total Expenses	$133,071	$7.61
Net Operating Income	$260,725	$14.92

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual	$374,400
Annual Per SF	$21.42

Other Income
Annual	$40,122
Annual Per SF	$2.30

Vacancy Loss
Annual	$20,726
Annual Per SF	$1.19

Effective Gross Income
Annual	$393,796
Annual Per SF	$22.53

Taxes
Annual	$22,420
Annual Per SF	$1.28

Operating Expenses
Annual	$110,651
Annual Per SF	$6.33

Total Expenses
Annual	$133,071
Annual Per SF	$7.61

Net Operating Income
Annual	$260,725
Annual Per SF	$14.92

PROPERTY FACTS

Price	$4,000,000	Building Class	C
Price Per Unit	$166,667	Lot Size	0.93 AC
Sale Type	Investment	Building Size	17,476 SF
Cap Rate	6.52%	Average Occupancy	100%
No. Units	24	No. Stories	2
Property Type	Multifamily	Year Built	1962
Property Subtype	Apartment	Parking Ratio	1.89/1,000 SF
Apartment Style	Low-Rise	Cross Streets	W 13th Avenue
Zoning	R-4, Lakewood

Price	$4,000,000
Price Per Unit	$166,667
Sale Type	Investment
Cap Rate	6.52%
No. Units	24
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.93 AC
Building Size	17,476 SF
Average Occupancy	100%
No. Stories	2
Year Built	1962
Parking Ratio	1.89/1,000 SF
Cross Streets	W 13th Avenue
Zoning	R-4, Lakewood

UNIT AMENITIES

Air Conditioning
Heating

Refrigerator

Tub/Shower

Lawn

SITE AMENITIES

24 Hour Access
Controlled Access

Recycling

Trash Pickup - Curbside

Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	24	$1,270	650

1 of 1

Bike Score®

Very Bikeable (74)

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PROPERTY TAXES

Parcel Numbers	Multiple 49-022-18-011 49-022-18-010	Total Assessment	$247,337 (2024)
Land Assessment	$53,466 (2024)	Annual Taxes	$22,420 ($1.28/SF)
Improvements Assessment	$193,871 (2024)	Tax Year	2025