Listed by Pinnacle Real Estate Advisors
$3,200,000
8th Place Commons
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,455
Units 20
Cap Rate 7.62%
NOI $243,712
Pro-Forma Cap Rate 7.09%
Pro-Forma NOI $226,883
Price per SqFt $207
Year Built 1960
Buildings 3
Stories 1
Acreage 0.880
Multifamily | 20 Units | $160,000/unit
Marketing description
HUGE PRICE REDUCTION! This multifamily property at 7515 W 8th Place features (20) 2-bedroom, 1-bath units with strong, consistent tenant demand. The asset delivers a 7.62% Current CAP and consists of three single-story buildings. Each unit is individually metered for gas & electric with front and rear entrances. The property can be purchased individually or as a portfolio with 1289 Yukon Street, offering Buyers the opportunity to build scale in a desirable Lakewood location.
Investment highlights
- All 2 Bed 1 Bath Units
- 7.62% Current CAP Rate!
- 3 Single Story Buildings with Front & Rear Entry Doors
- Individually Metered for Gas & Electric
- Ample Off-Steet Parking
- Nearby Retail and Restaurants along Colfax & Wadsworth Corridor
- 1 Mile from Lakewood-Wadsworth Light Rail Station
- Long-Term On-Site Manager
- Priced Below Comparable Properties
- Located on a Quiet, Low-Traffic Street Bordering a Residential Neighborhood
- Can Be Purchased with 1289 Yukon Street
Listing Contacts
Listed by Pinnacle Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$243,712.00
$20,309.33/mo
Valuation Metrics
0
DSCR
7.62%
Cap Rate
7.62%
ROI
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