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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.
Property Facts
| No. Units | 9 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 5,910 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1958/2018 |
| Building Class | C | Parking Ratio | 2.73/1,000 SF |
| Zoning | R-MF | ||
| 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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