120 Jay Street
Lakewood, CO 80226

$1,325,000

Description

8.2% cap rate! 7 unit apartment building in Lakewood, just 15 minutes away from Downtown Denver and a straight shot into the mountains going West on Highway 6. Consist of seven 3-bedroom apartments on a large, well-maintained lot. Plus a large laundry/mechanical room that includes 7 storage units for additional income. This space could also be a potential 8th unit! Great location: Just minutes away from the Light Rail - Denver West Line. Close to great retail stores such as Walmart, Home Depot and the shops at Belmar which include Whole Foods and the Lakewood City Commons. The Lakewood Reinvestment Authority is the major economic force in the Lakewood area and has encouraged a combination of gentrification and new construction which is occurring within this defined neighborhood.

Details

MLS#3790218
StyleIndustrial
Sub-TypeResale
StatusUnder Contract
Year1958
Days On Site190

Features

SQ Feet6,156
Story(s)1
Units7
ZoningMRS / Apartment Low Rise

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Area Information

StateCO
CountyJefferson
CityLakewood
Zip Code80226
AreaJefferson
Listing VS Median (in 80226)
Price:
$1,325,000
low | high
Med:
$419,000
100% of Average
SqFt:
6,156
low | high
Med:
1,556
100% of Average
$ / SqFt:
$215
low | high
Med:
$269
24.891400300723% of Average
On Site:
190
low | high
Med:
39
100% of Average
Listing Updated: 08/17/2019
MLS Number: 3790218
Listing Provided By:
Michelle Thomas  of  Keller Williams Realty Downtown LLC
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