1115 Carr St

6 Unit Apartment Building $1,995,000 ($332,500/Unit) 5.53% Cap Rate Lakewood, CO 80214

Investment Highlights

  • Can be purchased with 7815 W 41st St.
  • Attractive side-by-side layout with private backyards
  • Quiet location tucked away; ample off street parking
  • Oversized 1,600 SF floorplans; 3Bed/1Baths + bonus room + in unit laundry room
  • Significant rental upside and extensive electrical improvements
  • Growth location walkable to Wadsworth Light Rail

Executive Summary

1115 Carr St. is a unique 6 unit apartment building that was built in 1959. This property boasts a unique unit mix of (6) oversized 3bed/1bath apartments with additional bonus room and walk in laundry room. The units feature an attractive side by side layout with private backyards. There have been extensive electrical improvements which is unique for this product type.
Tenants enjoy being located in the quiet residential Eiber neighborhood in Lakewood with quick access to downtown Denver or the mountains via 6th Avenue. Units are separately metered for gas & electric; tenants pay direct.

Property Facts

Price $1,995,000
Price Per Unit $332,500
Sale Type Investment
Cap Rate 5.53%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.57 AC
Building Size 9,600 SF
Average Occupancy 95%
No. Stories 2
Year Built 1959

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 6 - 1,600
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (76)

PROPERTY TAXES

zoning

Zoning Code 5-R, Lakewood
  • Listing ID: 34440434

  • Date on Market: 1/10/2025

  • Last Updated:

  • Address: 1115 Carr St, Lakewood, CO 80214