HomeTowne Studios
$1,250,000 PRICE REDUCTION!! 147-Unit Apt Conversion Opportunity in Lakewood, CO
Marketing description
$1,250,000 PRICE REDUCTION!! 147-Unit Apt Conversion Opportunity in Lakewood, CO. Property currently operated as an Extended Stay with excellent potential to be converted to multifamily. Reach out to Josh Newell for more details.
Investment highlights
• $1,250,000 Price Reduction!!
• Excellent Multifamily Conversion Opportunity: 19.43% Leveraged IRR
• Recent Capital Improvements Include Newer Boiler & Roof
• Good Mix of Studios, 1Bd/1Ba & 2Bd/1Ba Units
• Priced Well Below Replacement Cost
• Located in an Opportunity Zone
• Walk to Public Transportation, Restaurants, Retail and Places of Employment
• One Mile to Oak Street Light Rail Station
• Less than One Mile to Denver Federal Center, a 600 Acre, 4.1m SF Office/Research Campus
• Quick Access to US Hwy 6, Downtown Denver & Rocky Mtns
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