Fully updated and professionally managed turn-key brick 4-plex just 3 blocks from the light rail. Easy access to Belmar, CCU, Red Rocks Community College, and 6th Ave. Actual as-is cap rate of 5.59% and could go up to 6.38% cap rate with self-management. One vacant unit as of July 1st provides an opportunity for an owner/manager to live on-site if desired. Shared laundry area for all 4 units and 8 off-street parking spaces. Awesome opportunity to get into a 4-unit property and get residential financing vs commercial financing for 5+ unit properties.
Sold
$900,000
989 Upham Court, Lakewood, CO 80214
9beds
5baths
3,455sqft
Quadruplex
Built in 1956
-- sqft lot
$905,700 Zestimate®
$260/sqft
$2,510 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 24, 2024 at 05:48pm
Listed by:
David J. O'Brien 720-934-6597 david.obrien@compass.com,
Compass - Denver
Bought with:
Jim Romano, 1317328
RE/MAX Professionals
Source: REcolorado,MLS#: 9631315
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
- Laundry: Common Area, Main Level
Features
- Quartz Counters, Smoke Free
- Flooring: Laminate
- Basement: Crawl Space,Exterior Entry,Finished,Partial,Sump Pump
- Common walls with other units/homes: No One Above,No One Below
Interior area
- Total structure area: 3,455
- Total interior livable area: 3,455 sqft
- Finished area above ground: 3,175
- Finished area below ground: 280
Property
Parking
- Total spaces: 8
- Parking features: Asphalt
- Details: Off Street Spaces: 8
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Levels: One
- Stories: 1
- Entry location: Ground
- Patio & porch: Patio
- Exterior features: Rain Gutters
- Fencing: None
Lot
- Size: 0.33 Acres
- Features: Level
Details
- Parcel number: 051435
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1956
Utilities & green energy
- Electric: 110V, 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Lakewood
- Subdivision: Two Creeks
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Ownership: Individual
Services availability
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Estimated market value
$905,700