Lakewood, CO 80226 5365 W 3rd Pl
$795,000
Pending
12 more
Presented By: Mavi Unlimited Inc; mike@maviunlimited.com,720-771-8061
Beds • 8
Baths • 4
SQFT • 2,988
Garage • 10
Home Details
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!
Presented By: Mavi Unlimited Inc; mike@maviunlimited.com,720-771-8061
Interior Features for 5365 W 3rd Pl
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area2988
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
General for 5365 W 3rd Pl
AccessibilityAccessible Elevator Installed
AppliancesRefrigerator, Washer, Dryer
Architectural StyleRanch
Attached Garage No
Cap Rate7.099999904
CityLakewood
Construction MaterialsWood/Frame, Brick/Brick Veneer, Block, Concrete
CountyJefferson
DirectionsFrom 6th Ave take the Sheridan exit, and head south. Take a right onto 4th Ave, and your first left on Ames, then another right onto 3rd Pl. 2nd building on the right hand side.
ElectricSeparate Meter Electricity
Elementary SchoolDeane
ExclusionsTenant's personal property
Garage Spaces10
Garage Y/NYes
Gas Y/NSeparate Meter Gas
Gross Income72000
HOANo
HeatingForced Air
High SchoolAlameda Int'l
High School DistrictJefferson County R-1
Land Lease Y/NNo
LevelsOne
Living Area UnitsSquare Feet
Lot Size UnitsSquare Feet
MLS AreaMetro Denver
Middle/Junior High SchoolAlameda Int'l
Net Operating Income65300
New ConstructionNo
Number Of Units Total4
Operating Expense6700
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer, Public Sewer
Standard StatusPending
StatusPending
Stories Count1
Subdivision NameNorth Alameda
Tax Annual Amount4624
Tax Year2024
Tenant PaysGas, Electricity, Water, Trash Collection
Virtual TourClick here
Year Built1961
Exterior for 5365 W 3rd Pl
Building Area Total2988
Covered Spaces10
Exterior AmenitiesBalcony
FencingPartial
Horse Y/NNo
SpaNo
Water SourceCity Water
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Alameda Int'l High School
Middle School
Alameda Int'l Middle School
Elementary School
Deane Elementary School
