1650-1690 Vance St | Lakewood, CO 80214
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1650-1690 Vance St
Lakewood, CO 80214
Vance Street Apartments · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Very Attractive Financing: 3.22% Assumable Loan Fixed Through May 1, 2026
- Opportunity to Split Property Into (3) 4-Plexes & Sell Off Individual 4-Plexes
- 6.28% Current CAP Rate
- Multiple Income Sources: (3) Adjacent 4-Plexes + (10) Garages + Large Workshop
- Many Recent Capital Improvements Including New: Windows, Electrical Panels, Exterior Paint & Numerous Interior Updates
- City Mandated Residential Growth Restrictions Will Rapidly Increase Rents & Values in Lakewood
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.64 AC |
| Property Type | Multifamily | Building Size | 6,336 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 2.68/1,000 SF |
| Zoning | 5-R, Lakewood | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 6,336 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 2.68/1,000 SF |
| Zoning | 5-R, Lakewood |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Workshop
SITE AMENITIES
- Laundry Facilities
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,301 | 525 |
PROPERTY TAXES
| Parcel Number | 39-354-00-005 | Improvements Assessment | $86,545 |
| Land Assessment | $37,123 | Total Assessment | $123,668 |
PROPERTY TAXES
Parcel Number
39-354-00-005
Land Assessment
$37,123
Improvements Assessment
$86,545
Total Assessment
$123,668
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