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847 S Depew St, Lakewood, CO 80226

$650,000
: 4
BD
: 2
BA
: 2,160
SqFt

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Sold Price: $650,000
List Price: $650,000
Closing Date: Dec 22, 2023
Type: Multifamily
Property Sub Type: Duplex
Status: CLOSED
MLS Number: 7026232
Bedrooms: 4
Bathrooms: 2
Sqft Total: 2,160
Year Built: 1974

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Property Description

Calling all INVESTORS!!! CAP RATE of 6.75!!!!! This investment opportunity is ready to produce income with NO additional capital expenditures! Recently Renovated duplex in Lakewood! Update includes: kitchens, bathrooms, floors and paint! The 847 unit is 2 bedroom and 1 bathroom with in-unit laundry. Current rent is $2,195 with lease expiring 6/30/24. The 845 unit is 2 bedrooms and 1 bathroom with in-unit laundry. Current rent is $2,295 with lease expiring 5/20/24. This opportunity is perfect for an investor looking for long-term rental income and in the future potential options for short term rental income (Airbnb, VRBO, VACASA). Easy to manage asset. INTERESTED IN MORE INCOME? The property across the cul-de-sac is also FOR SALE (877-875 S Depew St. - See photos). Opportunity to own all 4 units! Property is tenant occupied. Showings will be held by listing agent. Photos are of 1 unit, ALL have been UPDATED!

(303) 522-8226

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Additional Information

Lot Size Acres: 0.29
Lot Size Sq Ft: 12,632
Tax Amount: $2,800
Water Source: Public
Sewer: Public Sewer
Basement Type: Finished
Heating: Forced Air
Cooling: Evaporative Cooling
School District: Jefferson County R-1
Elementary School: Deane
Middle Or Junior School: Alameda Int'l
High School: Alameda Int'l