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31253309
31253308

9842 W 22nd Pl, Lakewood, CO 80215

JP
CO 100021375
West Peak Properties
Listed by West Peak Properties
$999,900
84 days on market
Updated 20 days ago

9842 W 22nd Pl 4-Plex

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 3,835
Net Rentable (SqFt) 3,835
Units 4
Cap Rate 6.57%
NOI $65,650
Occupancy 100%
Pro-Forma Cap Rate 6.73%
Pro-Forma NOI $67,250
Price per SqFt $261
Broker Co-Op Yes
Class B
Year Built 1971
Lot Size (SqFt) 11,674
Zoning M-R-U
Investment Type Stabilized

Lakewood 4-Plex Near Crown Hill Park

Marketing description

Price Reduced!! Well-located 4-plex investment opportunity in Lakewood offering stable income and strong rental fundamentals.

This courtyard-style multifamily property features a desirable unit mix consisting of three 2-bedroom / 1-bath units and one spacious 3-bedroom / 2-bath unit.

The three-bedroom unit includes a primary suite with an ensuite bathroom and walk-in closet, along with a private side patio and yard area, offering an attractive layout for tenants or an owner occupant.

All units are separately metered for gas and electric. The property features a shared laundry room and nine off-street parking spaces, providing convenient amenities for residents.

Recent updates include bathroom improvements, interior paint, and updated flooring. Two of the units also include air conditioning and upgraded electrical panels, adding modern functionality and tenant appeal.

Ideally situated near Crown Hill Park, the location offers excellent accessibility with quick connections to 6th Avenue and Interstate 70, providing convenient commuting to Downtown Denver as well as easy access to Colorado’s mountain recreation areas.

Investment highlights

Great location, good unit mix, and solid financials.

Listing Contacts

JP
CO 100021375
West Peak Properties
Listed by West Peak Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$65,650.00
$5,470.83/mo

Valuation Metrics

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DSCR
6.57%
Cap Rate
6.57%
ROI

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