* Very unique student housing investment opportunity offering one building containing four (4) individual condo units built in 1981. Each condo has 3 bedrooms and 1 3/4 baths. * Colorado Christian University (CCU) is located approximately three (3) blocks to the east of the subject property and currently has a master lease on all of the four (4) units. The current Lease expires on June 30, 2018. * CCU is responsible for all the utilities, insurance, snow and trash removal, interior and exterior lighting, janitorial, minor plumbing repairs, furnace and a/c filter replacement, broken glass (not covered by insurance), annual carpet cleaning and annual preventative maintenance of the boilers, water heaters and a/c. * Owner is responsible for the Real Estate Taxes (2016: $4,867.78), HOA dues $100 per month and repairs over $2,500 per occurrence. * Current rental income is $5,200/per month for all four (4) units. * Great opportunity for a turn key investment.
Off market
$639,500
289 S Hoyt St, Lakewood, CO 80226
12beds
7baths
5,766sqft
Income
Built in 1981
1,742 Square Feet Lot
$639,500 Zestimate®
$111/sqft
$2,779 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
Heating
- Forced air, Electric, Gas
Cooling
- Other
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 5,766 sqft
Property
Parking
- Total spaces: 6
Lot
- Size: 1,742 sqft
Details
- Parcel number: 4910310010
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
- Property subtype: Income
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1981
Community & neighborhood
Location
- Region: Lakewood
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $100 monthly
- Services included: Exterior Maintenance w/ Roof, Snow Removal
Other
Other facts
- Property Sub Type: Income
- Property Type: Income
- Construction Methods: Frame
- Association Fee Frequency: Annual
- Construction Materials: Vinyl Siding
- School District: Jefferson County R-1
- Association Fee Includes: Exterior Maintenance w/ Roof, Snow Removal
- MLS: REcolorado
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Estimated market value
$639,500