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Villa Rosa 10705 W 7th Ave 9 Unit Apartment Building $1,695,000 ($188,333/Unit) 7% Cap Rate Lakewood, CO 80215
INVESTMENT HIGHLIGHTS
- Extensive recent updates - boiler (2022), roof (est. 2018), windows (est. 2015), parking lot (2025), stairs (est. 2015), electrical panels, flatwork
- Attractive 2:1 parking ratio
- Nearby shopping/dining at Belmar and major employment hub at the Federal Center
- Updated units with extra storage space and private patios/balconies
- Easy access to the mountains and downtown Denver via Highway 6
EXECUTIVE SUMMARY
Villa Rosa Apartments is a 9 unit property composed of 7 two bedrooms and 2 three bedrooms. The building is in great condition, built in 1974 with extensive recent upgrades including boiler (2022), roof (est. 2018), windows (est. 2015), parking lot (2025), stairs (est. 2015), flatwork, and landscaping. The units boast updated interiors, extra storage space, and private patios/balconies.
Tenants enjoy on site laundry and ample off street parking as well as easy access to Belmar shopping/dining, the Federal Center, and the mountains. For the right investor, this is the perfect opportunity to buy a well maintained property in a strong location.
Tenants enjoy on site laundry and ample off street parking as well as easy access to Belmar shopping/dining, the Federal Center, and the mountains. For the right investor, this is the perfect opportunity to buy a well maintained property in a strong location.
PROPERTY FACTS Under Contract
| Price | $1,695,000 | Building Class | C |
| Price Per Unit | $188,333 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 7,616 SF |
| Cap Rate | 7% | Average Occupancy | 95% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 2.36/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | 5-R, Lakewood | ||
| Price | $1,695,000 |
| Price Per Unit | $188,333 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 7,616 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2.36/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 5-R, Lakewood |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | 750 |
| 3+1 | 2 | - | 890 |
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PROPERTY TAXES
| Parcel Number | 49-044-17-007 | Improvements Assessment | $67,710 |
| Land Assessment | $24,120 | Total Assessment | $91,830 |
PROPERTY TAXES
Parcel Number
49-044-17-007
Land Assessment
$24,120
Improvements Assessment
$67,710
Total Assessment
$91,830
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Villa Rosa | 10705 W 7th Ave
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