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989 Upham Ct, Lakewood, CO 80214

$900,000
: 9
BD
: 5
BA
: 3,455
SqFt

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Sold Price: $900,000
List Price: $900,000
Closing Date: Sep 24, 2024
Type: Multifamily
Property Sub Type: Quadruplex
Status: CLOSED
MLS Number: 9631315
Structural Style: Contemporary
Bedrooms: 9
Bathrooms: 5
Sqft Total: 3,455
Year Built: 1956

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Property Description

Fully updated and professionally managed turn-key brick 4-plex just 3 blocks from the light rail. Easy access to Belmar, CCU, Red Rocks Community College, and 6th Ave. Actual as-is cap rate of 5.59% and could go up to 6.38% cap rate with self-management. One vacant unit as of July 1st provides an opportunity for an owner/manager to live on-site if desired. Shared laundry area for all 4 units and 8 off-street parking spaces. Awesome opportunity to get into a 4-unit property and get residential financing vs commercial financing for 5+ unit properties.

(303) 522-8226

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Additional Information

Lot Size Acres: 0.33
Lot Size Sq Ft: 14,500
Tax Amount: $6,072
Exterior Features: Rain Gutters
Water Source: Public
Sewer: Public Sewer
Basement Type: Crawl Space, Exterior Entry, Finished, Partial, Sump Pump
Heating: Forced Air, Natural Gas
Cooling: None
School District: Jefferson County R-1
Elementary School: Molholm
Middle Or Junior School: Creighton
High School: Lakewood