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1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
1201 Brentwood Street
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$1,350,000

1201 Brentwood Street

5,946 Sq.Ft. 0.29 Acres

Description

6.69% proforma cap rate * 8-unit multifamily * Eiber neighborhood, Lakewood. Stabilized 8-unit apartment community in Lakewood's Eiber neighborhood offering immediate cash flow and rent growth potential. Current gross rents of $124,416/yr are below market at $136,800/yr proforma -- a built-in value-add opportunity without renovation required. NOI of $90,310 and pre-tax cash flow of $32,034 based on 60% LTV financing at 6.0%. Priced at $168,750/unit and $281/SF on a 12,500 SF lot. Unit mix: four 1BD/500 SF at $1,080 current ($1,200 market) and four 2BD/700 SF at $1,512 current ($1,650 market). Located in the Eiber neighborhood with direct access to the Garrison light rail station (W Colfax line) and quick connections to I-70 and US-6. Mint & Serif Coffee and Brynmor Coffee within 0.4 mi on Carr St. Natural Grocers on W Colfax within 0.7 mi. Sloan's Lake Park 2.5 mi east; Crown Hill Park 1.5 mi north. 40 West Arts District nearby on Colfax. Downtown Denver approx. 15 min. Jefferson County. Jeffco Public Schools district.

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Location

1201 Brentwood Street, Lakewood, CO 80214

Status

For Sale

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Property Amenities

Area & Lot
Total area 5,946 Sq.Ft.
Lot Area 0.29 Acres
Living area 5,946 Sq.Ft.
MLS® ID 5312588
Year Built 1960
Type Commercial
Status For Sale
Exterior
Sewer Public Sewer
Roof Shingle
Finance
Sales Price $1,350,000
Real Estate Tax $8,919 yearly
Josh Steck

Josh Steck

TITLE

Real Estate Broker

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Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 1201 Brentwood Street, Lakewood, CO 80214. We are reviewing your request and will be in touch shortly!

Work With Josh

Josh takes the time to guide his clients with his expertise in buying and selling multi-unit rental properties and residential real estate. He prides himself on building long-lasting professional relationships. Contact him today!