Listed by Marcus & Millichap - Denver
$825,000
5530 W 3rd Pl
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,020
Units 4
Cap Rate 5.21%
NOI $42,965
Occupancy 95%
Price per SqFt $273
Year Built 1961
Buildings 1
Stories 2
Acreage 0.180
Multifamily | 4 Units | $206,250/unit
Marketing description
5530 W 3rd Pl presents investors with the opportunity to acquire a well-located workforce housing asset in the central Lakewood corridor with a clear path to income growth through below-market in-place rents. With rents materially below renovated comparable properties, a new owner can achieve meaningful NOI expansion through modest interior improvements and natural lease rollover, delivering early yield growth within a stable renter demand segment.
Listing Contacts
Listed by Marcus & Millichap - Denver
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,965.00
$3,580.42/mo
Valuation Metrics
0
DSCR
5.21%
Cap Rate
5.21%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
