5365 W 3rd Pl
Lakewood, CO 80226
8 Beds4 Baths2,988 Sq Ft32 Days on Market
For Sale $825,000
Save
Courtesy of Mavi Unlimited Inc
Listing Agent & Comments
Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision. Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location. When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
MLS# 6282231 • Data provided by IRES
Living Area | 2,988 Sq.Ft. |
---|---|
Lot Size | 7,793 Sq.Ft. |
Total Rooms | 4 |
Bedrooms | 8 |
Bathrooms | 4 |
Stories | 1 |
Year Built | 1961 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $4,624 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by IRES.
More Information On This Home
This home's estimated value
$866,010
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and crime reports
New
Do you own this home?
Access your homeowner dashboard
HouseCanary, Inc. Brokerage
5365 W 3rd Pl, Lakewood, CO 80226
Multifamily8 Beds4 Baths2,988 Sq Ft32 Days on Market
Listing Agent & Comments
Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision. Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location. When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
MLS# 6282231 • Data provided by IRES
Living Area | 2,988 Sq.Ft. |
---|---|
Lot Size | 7,793 Sq.Ft. |
Total Rooms | 4 |
Bedrooms | 8 |
Bathrooms | 4 |
Stories | 1 |
Year Built | 1961 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $4,624 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by IRES.
This property is missing data for:
Comparable properties and crime reports
New
Do you own this home?
Access your homeowner dashboard
For Sale $825,000
Save
Courtesy of Mavi Unlimited Inc
5365 W 3rd Pl
Lakewood, CO 80226
8 Beds4 Baths2,988 Sq Ft32 Days on Market
Listing Agent & Comments
Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision. Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location. When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
MLS# 6282231 • Data provided by IRES
Living Area | 2,988 Sq.Ft. |
---|---|
Lot Size | 7,793 Sq.Ft. |
Total Rooms | 4 |
Bedrooms | 8 |
Bathrooms | 4 |
Stories | 1 |
Year Built | 1961 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $4,624 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by IRES.
More Information On This Home
This home's estimated value
$866,010
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and crime reports
New
Do you own this home?
Access your homeowner dashboard
For Sale $825,000
Save
Courtesy of Mavi Unlimited Inc