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61 Newland St, Lakewood, CO 80226

$710,400
: 6
BD
: 2
BA
: 2,020
SqFt

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Sold Price: $710,400
List Price: $710,000
Closing Date: Mar 06, 2024
Type: Multifamily
Property Sub Type: Duplex
Status: CLOSED
MLS Number: 3384820
Bedrooms: 6
Bathrooms: 2
Sqft Total: 2,020
Year Built: 1962

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Property Description

Calling all INVESTORS!! CAP RATE of 5%!!!!! This investment opportunity is ready to produce income with NO additional capital expenditures! Unit '61' has been recently renovated. Update includes: shaker style kitchen cabinets complimented with quartz countertops and stainless steel appliances. Hardwood floors, new paint updated bathrooms! Newer roof, furnace, and hot water heater. The '61' unit is 3 bedroom and 1 bathroom with in-unit laundry. Current rent is $1,995 with lease expiring 4/21/24. The '63' unit is 3 bedrooms and 1 bathroom with in unit laundry. Current rent is $1,795 with lease expiring 5/31/24. This opportunity is perfect for an investor that wants to take on an easy to manage asset. 1 mile to Belmar Shopping Center, across from O'Kane Park, only 6.5 miles to Coors Field. INTERESTED IN MORE INCOME? The property around the corner is also FOR SALE (27-29 Newland Ct.). Opportunity to own all 4 units! Property is tenant occupied. Showings will be held by listing agent.

(303) 522-8226

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Additional Information

Lot Size Acres: 0.29
Lot Size Sq Ft: 12,632
Tax Amount: $2,713
Water Source: Public
Sewer: Public Sewer
Heating: Forced Air
Cooling: None
School District: Jefferson County R-1
Elementary School: Stein
Middle Or Junior School: Alameda Int'l
High School: Alameda Int'l