1255 Balsam St
Lakewood, CO 80214
Highland Square Apartments · Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Building Size | 7,200 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Lot Size | 0.73 AC | Cross Streets | W 13th Ave |
| Zoning | R-4 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.5/1,000 SF |
| Cross Streets | W 13th Ave |
| Zoning | R-4 |
About 1255 BALSAM ST , LAKEWOOD, CO 80214
The Highland Square Apartments is a 10-unit multifamily property located in a high-demand area of Lakewood, CO. Apartments in Lakewood consistently have had higher occupancy than every other submarket in Denver. Highland Square Apartments is located between two committed light rail stations which are located at 13th and Wadsworth and 13th and Garrison. The location and proximity to transportation make 1225 Balsam Street a valuable asset for investors . The Highland Square Apartments is comprised of ten (10) two-bedroom units that have been well maintained since its construction in 1961, and sits on a half-acre lot with a spacious yard and several parking spaces. This property features two units rented at 50% AMI and two units rented at 80% AMI in accordance with LIHTC parameters expiring July 1, 2031. All units have individual furnaces and hot water heaters. Given the rise in gas and electric prices, residents can reap tremendous savings in utility expenses living at this property.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 775 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $97,154 | |
| Land Assessment | $47,347 | Total Assessment | $144,501 |
Property Taxes
