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Heights at Sunset Park 2 Multifamily Properties Offered at $2,550,000 in Lakewood, CO
INVESTMENT HIGHLIGHTS
- (2) Six-Unit Buildings on 1.54 Acre Lot Adjacent to Sunset Park and Lakewood Gulch
- Garage with Tandem Off-Street Parking Space, Furnace, Hot Water Heater, Washer & Dryer Dedicated to Each Unit
- Just 1.60% Historical Vacancy = Immediate Rental Upside
- Mostly Large, 2Bd/1.5Ba Units
- Located ½ Mile from Oak Street Light Rail Station in Tranquil, Mountain Type of Setting at End of Cul-de-Sac
- Can be Purchased with Wadsworth Station West (24 Units - 1260-1270 Balsam St & 8170 W 13th Ave, Lakewood, CO)
EXECUTIVE SUMMARY
JUST LISTED! 12 Units in Lakewood; Garages; In-Unit W/D; Mostly 2Bd/1.5Ba
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$228,480
|
| Other Income |
$14,992
|
| Vacancy Loss |
$3,902
|
| Effective Gross Income |
$239,570
|
| Taxes |
$15,022
|
| Operating Expenses |
$73,881
|
| Total Expenses |
$88,903
|
| Net Operating Income |
$150,667
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $228,480 |
| Other Income | |
|---|---|
| Annual | $14,992 |
| Vacancy Loss | |
|---|---|
| Annual | $3,902 |
| Effective Gross Income | |
|---|---|
| Annual | $239,570 |
| Taxes | |
|---|---|
| Annual | $15,022 |
| Operating Expenses | |
|---|---|
| Annual | $73,881 |
| Total Expenses | |
|---|---|
| Annual | $88,903 |
| Net Operating Income | |
|---|---|
| Annual | $150,667 |
PROPERTY FACTS
| Price | $2,550,000 | Number of Properties | 2 |
| Price / SF | $172.16 / SF | Individually For Sale | 0 |
| Cap Rate | 5.91% | Total Building Size | 14,812 SF |
| Sale Type | Investment | Total Land Area | 1.55 AC |
| Status | Active |
| Price | $2,550,000 |
| Price / SF | $172.16 / SF |
| Cap Rate | 5.91% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,812 SF |
| Total Land Area | 1.55 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
1088 Miller St
1088 Miller St, Lakewood, CO 80215 |
Multifamily | 7,406 SF | 1969 | - |
| 1089 Lee St, Lakewood, CO 80215 | Multifamily | 7,406 SF | 1969 | - |
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Heights at Sunset Park
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