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.
Off market
$1,845,300
120 Jay St, Lakewood, CO 80226
21beds
6,156sqft
SingleFamily
Built in 1958
0.32 Acres Lot
$1,845,300 Zestimate®
$300/sqft
$2,884 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Forced air, Other
Cooling
- Central
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 6,156 sqft
Property
Parking
- Total spaces: 13
Features
- Exterior features: Brick
Lot
- Size: 0.32 Acres
Details
- Parcel number: 4912218001
- Zoning: MRS / Apartment Low Rise
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood
- Roof: Composition
Condition
- Year built: 1958
Details
- Builder model: 5+ Plex (all units)
Community & neighborhood
Location
- Region: Lakewood
Other
Other facts
- Heating: Forced Air, Hot Water
- ConstructionMaterials: Brick
- NumberOfUnitsTotal: 7
- Roof: Composition Shingles
- OpenParkingSpaces: 13
- StructureType: Ranch/1 Story
- BuilderModel: 5+ Plex (all units)
- Zoning: MRS / Apartment Low Rise
- Cooling: Air Conditioning-Room
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$1,845,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,845,300