6160 W 17th Ave
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6160 W 17th Ave
5 Unit Apartment Building $1,750,000 ($350,000/Unit) 5.44% Cap Rate Lakewood, CO 80214
INVESTMENT HIGHLIGHTS
- Side-by-side, townhouse-style apartments
- 7 off street parking spaces
- New roof 2024
- Located near Edgewater Public Mkt, Sloan's Lake, Sheridan Light Rail Station, Parks and many other amenities!
- Fully renovated in 2017: All units feature modern upgrades, finishes and AC units
EXECUTIVE SUMMARY
An exceptional investment opportunity at 6160 W 17th Ave, a prime 5-unit multifamily property strategically located near Edgewater Public Market, Sloan's Lake, and the Sheridan Light Rail Station. All units fully renovated in 2017 featuring modern upgrades and sleek finishes with new kitchens incl. stainless appliances & quartz countertops, bathrooms, flooring, lighting, paint, windows, electric panel and AC added to each unit. New roof in 2024. An all-brick townhouse-style building offers investors a turnkey asset in a strong rental area! 3 of the interior units are bi-level and long-term tenants, two end units are ranch style and fully furnished (included with sale) with mid term leases, offering above market rents. The possibility to subdivide and sell units individually could be a profitable exit strategy!
PROPERTY FACTS
| Price | $1,750,000 | Apartment Style | Low Rise |
| Price Per Unit | $350,000 | Building Class | C |
| Sale Type | Investment | Building Size | 4,304 SF |
| Cap Rate | 5.44% | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Price | $1,750,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 4,304 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2017 |
| Parking Ratio | 1.63/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | 774 - 918 |
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Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 39-363-10-032 | Improvements Assessment | $46,746 |
| Land Assessment | $13,367 | Total Assessment | $60,113 |
PROPERTY TAXES
Parcel Number
39-363-10-032
Land Assessment
$13,367
Improvements Assessment
$46,746
Total Assessment
$60,113
ZONING
| Zoning Code | R-MF (The R-MF district is intended to provide for a mixture of medium-density housing types including attached housing and multifamily buildings.) |
| R-MF (The R-MF district is intended to provide for a mixture of medium-density housing types including attached housing and multifamily buildings.) |
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6160 W 17th Ave
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