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HomeTowne Studios Denver Lakewood West 715 Kipling St 147 Room Hotel Lakewood, CO 80215 $10,250,000 ($69,728/Room)
INVESTMENT HIGHLIGHTS
- $1,250,000 Price Reduction!!
- Recent Capital Improvements Include Newer Boiler & Roof
- Priced Well Below Replacement Cost
- Excellent Multifamily Conversion Opportunity: 19.43% Leveraged IRR
- Good Mix of Studios, 1Bd/1Ba & 2Bd/1Ba Units
- Located in an Opportunity Zone
EXECUTIVE SUMMARY
$1,250,000 PRICE REDUCTION!! 147-Unit Apt Conversion Opportunity in Lakewood, CO. Property currently operated as an Extended Stay with excellent potential to be converted to multifamily. Reach out to Josh Newell for more details.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$2,807,580
|
$35.04
|
| Other Income |
$83,744
|
$1.05
|
| Vacancy Loss |
$1,052,105
|
$13.13
|
| Effective Gross Income |
$1,839,219
|
$22.96
|
| Taxes |
$90,000
|
$1.12
|
| Operating Expenses |
$1,412,509
|
$17.63
|
| Total Expenses |
$1,502,509
|
$18.75
|
| Net Operating Income |
$336,710
|
$4.20
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $2,807,580 |
| Annual Per SF | $35.04 |
| Other Income | |
|---|---|
| Annual | $83,744 |
| Annual Per SF | $1.05 |
| Vacancy Loss | |
|---|---|
| Annual | $1,052,105 |
| Annual Per SF | $13.13 |
| Effective Gross Income | |
|---|---|
| Annual | $1,839,219 |
| Annual Per SF | $22.96 |
| Taxes | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $1.12 |
| Operating Expenses | |
|---|---|
| Annual | $1,412,509 |
| Annual Per SF | $17.63 |
| Total Expenses | |
|---|---|
| Annual | $1,502,509 |
| Annual Per SF | $18.75 |
| Net Operating Income | |
|---|---|
| Annual | $336,710 |
| Annual Per SF | $4.20 |
PROPERTY FACTS
| Price | $10,250,000 | Building Size | 80,120 SF |
| Price Per Room | $69,728 | No. Rooms | 147 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1971/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.86/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.37 AC | Opportunity Zone |
Yes
|
| Zoning | C-R | ||
| Price | $10,250,000 |
| Price Per Room | $69,728 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.37 AC |
| Building Size | 80,120 SF |
| No. Rooms | 147 |
| No. Stories | 3 |
| Year Built/Renovated | 1971/2019 |
| Parking Ratio | 1.86/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-R |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 147 | $71.00 | - |
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PROPERTY TAXES
| Parcel Number | 49-044-00-002 | Total Assessment | $1,044,763 (2024) |
| Land Assessment | $214,588 (2024) | Annual Taxes | $90,000 ($1.12/SF) |
| Improvements Assessment | $830,175 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
49-044-00-002
Land Assessment
$214,588 (2024)
Improvements Assessment
$830,175 (2024)
Total Assessment
$1,044,763 (2024)
Annual Taxes
$90,000 ($1.12/SF)
Tax Year
2025
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HomeTowne Studios Denver Lakewood West | 715 Kipling St
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