Welcome or Register
Back to Saved Search
Listing 16 out of 468
$1,400,000 Active

120 Jay Street
Lakewood, CO 80226

21 beds | Income
6,156 sq ft; lot: 13939 sq ft - MLS# 3790218
Property Photo
1/16

Description

7% cap rate! Updated 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! All units have been updated. Strong leases are in place. 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.

Features

  • Property Type: Income
  • Sub Type: Income
  • Listing Status: Active
  • County/Area: Jefferson County
  • Zip Code: 80226
  • Year Built: 1958
  • Subdivision/Neighborhood: North Alameda
  • School District: Jefferson County R-1
  • Elementary School: Stein
  • Middle School: Alameda Int'l
  • High School: Alameda Int'l
  • Sq.Ft.: 6,156 sq ft
  • Style: Ranch/1 Story
  • Stories: Ranch/1 Story
  • Units: 7 units
  • Bedrooms: 21
  • Basement: Full, Walk-Out
  • # of Parking Spaces: 13
  • Lot Size: 13939 sq ft
  • Zoning: MRS / Apartment Low Rise
  • Additional Information: 1031 Exchange, Income History Available, Income Potential, Tenant Occupied
  • Annual Expense Actual: 31566
  • Annual Expense Proj: 42084
  • Annual Income Actual: 142820
  • Annual Income Proj: 150572
  • Annual Net Income Actual: 111254
  • Annual Net Income Proj: 108488
  • Basement Finished YN: Y
  • Basement Percent Finished: 100
  • Building Area Source: Appraiser Measured
  • Building Type: 5+ Plex (All Units)
  • Cap Rate: 7.90
  • Construction Materials: Brick
  • Construction Methods: Brick
  • Cooling: Air Conditioning-Room
  • Distance To Light Rail: 5.00
  • Electric Expense: 3987
  • Heating: Forced Air
  • Heating Fuel: Hot Water
  • Insurance Expense: 4812
  • Laundry Availability: Coin-Operated, Shared Laundry In Building, Washer/Dryer Included
  • Laundry Location: Basement
  • Lot Size Sq Ft: 14000.00
  • Maintenance Expense: 8400
  • Other Income Annual: 320
  • Owner Paid Utilities: Gas, Insurance, Trash, Water
  • Parking Count: 1
  • Per Unit Features: Storage Locker
  • Potential Rental Income Annual: 158160
  • Real Estate Taxes: 4446
  • Rentals Allowed: Long Term, Short Term
  • Roofing: Composition Shingles
  • Seller Type: Individual
  • Sq Ft Above: 3078
  • Sq Ft Basement: 3078
  • Sq Ft Finished: 6156
  • Sqft Total: 6156
  • Storage Units Number Of: 7
  • Structural Style: Ranch/1 Story
  • Tax Amount: 4446.00
  • Tax Year: 2017
  • Tenant Paid Utilities: Electricity
  • Total Offstreet Spaces: 13
  • Unit Access: Garden Level
  • Unit Count: 7
  • Utility Billingto Tenants: Direct Billing From Utility, Included In Rent
  • Utility Metering: Separate Electric, Shared Boiler
  • Water Annual Expense: 7311
Courtesy of Keller Williams Realty Downtown Llc

Dont Miss a New Listing Again!

Already registered? Login
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches.
Also receive 
email updates when listings you like come on the market for free!

*Contact Information NOT Shared*

Find an Agent


view all

Contact Us





* fields are required
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu