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Sold for $650,000 on 12/22/23
  • $650,000

    847 S Depew Street, Lakewood, CO 80226

    4beds
    2baths
    2,160sqft
    Duplex
    Built in 1974
    -- sqft lot
    $659,300 Zestimate®
    $301/sqft
    $2,337 Estimated rent

    Owner options

    List your home for rent

    $2,337/mo

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    $2,337/mo

    Rent Zestimate®

    Refinance and save

    $3,589/mo

    Est. payment

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    $3,589/mo

    Est. payment

    What's special

    Calling all INVESTORS!!! CAP RATE of 6.75!!!!! This investment opportunity is ready to produce income with NO additional capital expenditures! Recently Renovated duplex in Lakewood! Update includes: kitchens, bathrooms, floors and paint! The 847 unit is 2 bedroom and 1 bathroom with in-unit laundry. Current rent is $2,195 with lease expiring 6/30/24. The 845 unit is 2 bedrooms and 1 bathroom with in-unit laundry. Current rent is $2,295 with lease expiring 5/20/24. This opportunity is perfect for an investor looking for long-term rental income and in the future potential options for short term rental income (Airbnb, VRBO, VACASA). Easy to manage asset. INTERESTED IN MORE INCOME? The property across the cul-de-sac is also FOR SALE (877-875 S Depew St. - See photos). Opportunity to own all 4 units! Property is tenant occupied. Showings will be held by listing agent. Photos are of 1 unit, ALL have been UPDATED!

    Zillow last checked: 8 hours ago

    Listing updated: January 02, 2024 at 08:31am

    Listed by:

    Steven Cerese 1303-590-8537 steve@cohomeorinvest.com,

    Five Four Real Estate, LLC,

    Brynn Cerese 802-522-8944,

    Five Four Real Estate, LLC

    Bought with:

    Michelle Wise, 100046422

    Keller Williams 1st Realty

    Source: REcolorado,MLS#: 7026232MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Evaporative Cooling
    Appliances
    • Included: Dishwasher, Disposal
    • Laundry: In Unit
    Features
    • Basement: Finished
    Interior area
    • Total structure area: 2,160
    • Total interior livable area: 2,160 sqft
    • Finished area above ground: 2,160
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.29 Acres
    Details
    • Parcel number: 068835
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Brick, Vinyl Siding
    • Roof: Composition
    Condition
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Lakewood
    • Subdivision: Belmar

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional,FHA,Other,VA Loan
    • Ownership: Corporation/Trust
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    Estimated market value
    $659,300