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King's Rest Apartments 7013 W Colfax Ave 18 Unit Apartment Building $2,000,000 ($111,111/Unit) Lakewood, CO 80214
EXECUTIVE SUMMARY
Located within the 40 West Arts District on W. Colfax Ave, between the Walmart Super Center and Casa Bonita, this parcel offers a prime location for conducting a Value-Add Investment on the existing 18 rental units or the opportunity to redevelop for multi-family housing. The neighboring property to the east is currently marketed for sale and presents the opportunity to further assemble a larger developable area. Covered land play possible.
Call Brokers for more information on the property specifics and surrounding area.
Call Brokers for more information on the property specifics and surrounding area.
PROPERTY FACTS
| Price | $2,000,000 | Building Class | C |
| Price Per Unit | $111,111 | Lot Size | 0.94 AC |
| Sale Type | Investment | Building Size | 4,392 SF |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment |
| Price | $2,000,000 |
| Price Per Unit | $111,111 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 4,392 SF |
| No. Stories | 1 |
| Year Built | 1993 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 39-354-15-005 | Improvements Assessment | $85,816 |
| Land Assessment | $54,833 | Total Assessment | $140,649 |
PROPERTY TAXES
Parcel Number
39-354-15-005
Land Assessment
$54,833
Improvements Assessment
$85,816
Total Assessment
$140,649
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King's Rest Apartments | 7013 W Colfax Ave
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