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HomeTowne Studios Denver Lakewood West 715 Kipling St 147 Room Hotel Lakewood, CO 80215 $10,250,000 ($69,728/Room)

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INVESTMENT HIGHLIGHTS

$1,250,000 Price Reduction!!
Recent Capital Improvements Include Newer Boiler & Roof
Priced Well Below Replacement Cost

Excellent Multifamily Conversion Opportunity: 19.43% Leveraged IRR
Good Mix of Studios, 1Bd/1Ba & 2Bd/1Ba Units
Located in an Opportunity Zone

EXECUTIVE SUMMARY

$1,250,000 PRICE REDUCTION!! 147-Unit Apt Conversion Opportunity in Lakewood, CO. Property currently operated as an Extended Stay with excellent potential to be converted to multifamily. Reach out to Josh Newell for more details.

715 Kipling St - OM (EMAIL)

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$2,807,580	$35.04
Other Income	$83,744	$1.05
Vacancy Loss	$1,052,105	$13.13
Effective Gross Income	$1,839,219	$22.96
Taxes	$90,000	$1.12
Operating Expenses	$1,412,509	$17.63
Total Expenses	$1,502,509	$18.75
Net Operating Income	$336,710	$4.20

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	$2,807,580
Annual Per SF	$35.04

Other Income
Annual	$83,744
Annual Per SF	$1.05

Vacancy Loss
Annual	$1,052,105
Annual Per SF	$13.13

Effective Gross Income
Annual	$1,839,219
Annual Per SF	$22.96

Taxes
Annual	$90,000
Annual Per SF	$1.12

Operating Expenses
Annual	$1,412,509
Annual Per SF	$17.63

Total Expenses
Annual	$1,502,509
Annual Per SF	$18.75

Net Operating Income
Annual	$336,710
Annual Per SF	$4.20

PROPERTY FACTS

Price	$10,250,000	Building Size	80,120 SF
Price Per Room	$69,728	No. Rooms	147
Sale Type	Investment	No. Stories	3
Property Type	Hospitality	Year Built/Renovated	1971/2019
Property Subtype	Hotel	Parking Ratio	1.86/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	2.37 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-R

Price	$10,250,000
Price Per Room	$69,728
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	2.37 AC
Building Size	80,120 SF
No. Rooms	147
No. Stories	3
Year Built/Renovated	1971/2019
Parking Ratio	1.86/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-R

High Speed Internet Access

Public Access Wifi

Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTION	NO. ROOMS	DAILY RATE	SF
Suite	147	$71.00	-

1 of 1

PROPERTY TAXES

Parcel Number	49-044-00-002	Total Assessment	$1,044,763 (2024)
Land Assessment	$214,588 (2024)	Annual Taxes	$90,000 ($1.12/SF)
Improvements Assessment	$830,175 (2024)	Tax Year	2025