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5220 W 5th Ave
Lakewood, CO 80226
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- The Lakewood submarket in one of the most supply constrained submarket within Metro Denver due to a 1% Growth-Cap Housing Ordinance.
- With targeted improvements such as interior renovations, updated amenities, and cosmetic enhancements, investors can increase rental income.
- Value-add potential through interior upgrades and amenity refresh, target rents near $1,450 for 2BR units support 8% levered cash-on-cash returns.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 5220 West 5th Avenue, a well-maintained 9-unit multifamily property located in the highly sought-after Lakewood submarket of Metro
Denver. The property offers investors the opportunity to acquire a stabilized asset with value-add upside in one of the region’s most supply-constrained and resilient rental
markets.
Built in 1958 and situated on 0.60 acres, the property consists of nine two-bedroom, one-bath units averaging 675 square feet each. The property has been thoughtfully
maintained with a stucco exterior, flat roof, on-site laundry, and surface parking. Positioned in the heart of central Lakewood, 5220 West 5th Avenue offers residents convenient
access to major transportation corridors and lifestyle amenities. The property is located just six minutes from the Belmar Shopping District, providing access to more than 80
retailers, restaurants, and entertainment options, and less than ten minutes from outdoor recreation at Belmar Park, Kendrick Lake Park, and the Bear Creek Greenbelt.
Lakewood continues to attract renters seeking a balance of urban convenience and suburban livability. The area’s mix of employment centers, retail amenities, and high quality
of life make it one of Metro Denver’s most enduring and stable multifamily markets.
Denver. The property offers investors the opportunity to acquire a stabilized asset with value-add upside in one of the region’s most supply-constrained and resilient rental
markets.
Built in 1958 and situated on 0.60 acres, the property consists of nine two-bedroom, one-bath units averaging 675 square feet each. The property has been thoughtfully
maintained with a stucco exterior, flat roof, on-site laundry, and surface parking. Positioned in the heart of central Lakewood, 5220 West 5th Avenue offers residents convenient
access to major transportation corridors and lifestyle amenities. The property is located just six minutes from the Belmar Shopping District, providing access to more than 80
retailers, restaurants, and entertainment options, and less than ten minutes from outdoor recreation at Belmar Park, Kendrick Lake Park, and the Bear Creek Greenbelt.
Lakewood continues to attract renters seeking a balance of urban convenience and suburban livability. The area’s mix of employment centers, retail amenities, and high quality
of life make it one of Metro Denver’s most enduring and stable multifamily markets.
PROPERTY FACTS
| Price Per Unit | $170,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 6.15% | Building Size | 5,910 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2018 |
| Property Subtype | Apartment | Parking Ratio | 2.73/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-MF | ||
| Price Per Unit | $170,000 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 5,910 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2018 |
| Parking Ratio | 2.73/1,000 SF |
| Zoning | R-MF |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Refrigerator
- Range
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Pet Play Area
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | - | 675 |
PROPERTY TAXES
| Parcel Number | 49-121-02-001 | Improvements Assessment | $111,169 |
| Land Assessment | $23,643 | Total Assessment | $134,812 |
PROPERTY TAXES
Parcel Number
49-121-02-001
Land Assessment
$23,643
Improvements Assessment
$111,169
Total Assessment
$134,812
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