287 S Hoyt Street, Lakewood, CO, 80226

Fantastic rental income property to start or add to your portfolio. This 4 plex which boast of 3 beds and 2 bath in each unit has a current net cap rate of 6.2% and with some cosmetic improvements rents could soar and bring the cap rate up to 8.0% based on current fair market rent rates. This unit has a extremely low vacancy rate and is located in a highly sought after area. Specifically, its walking proximity to Colorado Christian University make it a ideal rental. This complex also desirable to those who want to work in or around St. Anthony’s Hospital, Belmar, Red Rocks Community College and Sloan’s Lake. Easy access to 6th ave, Hwy 285 and C-470 allow for quick commutes into Downtown Denver, the Mountains and the greater metro. The long term potential income and appreciation on this complex is rarely seen in Denver Metro real estate!