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33290180
33290181

7005-7035 W 16th Place, Lakewood, CO 80215

HS
CO FA100086469
NORTHPEAK Commercial Advisors
JS
CO FA 100085430
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$2,225,000
0 days on market
Updated 0 days ago

FLATS AT 16TH

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,392
Units 12
Beds 1
Cap Rate 6.00%
NOI $133,763
Occupancy 95%
Tenancy Multi
Pro-Forma Cap Rate 6.50%
Pro-Forma NOI $143,559
Price per SqFt $301
Year Built 1952
Year Renovated 2021
Lot Size (SqFt) 26,610
Parking Spaces 21 spaces
Parking Per SqFt 2.84
Investment Type Stabilized

Multifamily | 12 Units | $185,417/unit

Marketing description

The Flats at 16th are 12 premium condos with high end finishes. The units are all 1Bd/1Ba with attractive side by side layouts, front & back doors, and nearly 2:1 off street parking. In addition to the renovated interiors, there have been many recent improvements including new roof, windows, landscaping, updated electrical, and re-striped parking lot. This location has been experiencing rapid growth with new development moving west from Sloan's Lake as well as the walkable Wadsworth Light Rail Station.

For the right investor, this is a great opportunity to buy a clean deal in a rapidly growing neighborhood.

Investment highlights

Desirable growth location near Sloan's Lake

High end condo quality finishes with modern fixtures, flooring, and countertops

Attractive side-by-side layout with front & back doors

Recent improvements include new roof, windows, landscaping, updated electrical, re-striped parking lot

Dedicated parking with guest parking spaces

Listing Contacts

HS
CO FA100086469
NORTHPEAK Commercial Advisors
JS
CO FA 100085430
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$133,763.00
$11,146.92/mo

Valuation Metrics

0
DSCR
6.01%
Cap Rate
6.01%
ROI

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Additional Information

Name
Hunter Schaefer
License
FA100086469
Brokerage
NorthPeak Commercial Advisors
Title
Senior Advisor
Brokerage Address
1720 South Bellaire Street
Name
Jack Sherman
License
FA 100085430
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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