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538 S Ames St 4 Unit Apartment Building $1,225,000 ($306,250/Unit) 7.56% Cap Rate Lakewood, CO 80226

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INVESTMENT HIGHLIGHTS

Renovated 4-Plex on Large 0.49 Acre Lot
(4) Large Garages Provide Additional Income
Just 1.76% Historical Vacancy!

7.56% Current CAP Rate!
All Large 2Bd & 3Bd Units
Furnaces, Hot Water Heaters, Washer/Dryer Hookups & Swamp Coolers Dedicated to Each Unit

EXECUTIVE SUMMARY

JUST LISTED! Renovated 4-Plex on Large 0.49 Acre Lot. 7.56% Actual CAP Rate with only 1.76% Historical Vacancy!

541 S Sheridan Blvd- OM (EMAIL)

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$106,860	$18.56
Other Income	$16,672	$2.89
Vacancy Loss	$2,171	$0.38
Effective Gross Income	$121,361	$21.07
Taxes	$4,342	$0.75
Operating Expenses	$24,430	$4.24
Total Expenses	$28,772	$5.00
Net Operating Income	$92,589	$16.08

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	$106,860
Annual Per SF	$18.56

Other Income
Annual	$16,672
Annual Per SF	$2.89

Vacancy Loss
Annual	$2,171
Annual Per SF	$0.38

Effective Gross Income
Annual	$121,361
Annual Per SF	$21.07

Taxes
Annual	$4,342
Annual Per SF	$0.75

Operating Expenses
Annual	$24,430
Annual Per SF	$4.24

Total Expenses
Annual	$28,772
Annual Per SF	$5.00

Net Operating Income
Annual	$92,589
Annual Per SF	$16.08

PROPERTY FACTS

Price	$1,225,000	Building Class	C
Price Per Unit	$306,250	Lot Size	0.49 AC
Sale Type	Investment	Building Size	5,759 SF
Cap Rate	7.56%	Average Occupancy	100%
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built	1980
Property Subtype	Apartment	Parking Ratio	1.74/1,000 SF
Apartment Style	Low-Rise
Zoning	R-MF

Price	$1,225,000
Price Per Unit	$306,250
Sale Type	Investment
Cap Rate	7.56%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.49 AC
Building Size	5,759 SF
Average Occupancy	100%
No. Stories	2
Year Built	1980
Parking Ratio	1.74/1,000 SF
Zoning	R-MF

UNIT AMENITIES

Air Conditioning
Dishwasher
Microwave

Washer/Dryer Hookup
Hardwood Floors
Refrigerator

Oven
Carpet
Garden

Vinyl Flooring
Large Bedrooms

SITE AMENITIES

Fenced Lot

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
3+2.5	1	$2,595	1,566
2+1	1	$1,625	1,257
3+3	1	$2,700	2,080
2+2	1	$1,985	855

1 1

Bike Score®

Very Bikeable (73)

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PROPERTY TAXES

Parcel Number	49-131-05-003	Total Assessment	$47,353 (2024)
Land Assessment	$28,676 (2024)	Annual Taxes	$4,342 ($0.75/SF)
Improvements Assessment	$18,677 (2024)	Tax Year	2025