1650 Vance Street, Lakewood, CO, 80214

  • $2,350,000
1650 Vance Street , Lakewood, CO 80214
Active
1650 Vance Street , Lakewood, CO 80214
  • $2,350,000

Overview

Property ID: 7150469
  • CommercialSale, MultiFamily
  • Property Type
  • 1
  • Garage
  • 27878
  • Sq Ft
  • 1952
  • Year Built

Description

Very Attractive Financing: 3.22% Assumable Loan Fixed Through May 1, 2026 Multiple Income Sources: (3) Adjacent 4-Plexes + (10) Garages + Large Workshop Potential Covered-Land Play: Excellent Zoning (R-MF) on 0.64 Acres Allows for a 48 Unit Apartment Redevelopment Opportunity to Split Property Into (3) 4-Plexes & Sell Off Individual 4-Plexes Many Recent Capital Improvements Including New: Windows, Electrical Panels, Exterior Paint & Numerous Interior Updates 6.08% Current CAP Rate City Mandated Residential Growth Restrictions Will Rapidly Increase Rents & Values in Lakewood Proforma Rents Already Being Achieved Short Walk to Wadsworth Light Rail Station, Large Retail, Restaurants and Employment Centers

  • Address 1650 Vance Street
  • City Lakewood
  • State/county Jefferson
  • Zip/Postal Code 80214

Details

Updated on March 18, 2023 at 5:41 am
  • Property ID: 7150469
  • Price: $2,350,000
  • Property Size: 27878 Sq Ft
  • Land Area: 1 Acres
  • Garage: 1
  • Year Built: 1952
  • Property Type: CommercialSale, MultiFamily
  • Property Status: Active

Additional details

  • PropertySubType: MultiFamily
  • Tax Year: 2021
  • Architectural Style: MidRise
  • Road SurfaceType: Paved
  • Construction Materials: Frame
  • Roof: Membrane
  • Lot Features: Landscaped, NearPublicTransit
  • LotSize SquareFeet: 27878
  • LotSizeArea: 0.64
  • LotSizeUnits: Acres
  • Garage Spaces: 10

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