293 S Hoyt Street, Lakewood, CO 80226

$1,200,000
12
BD
8
BA
5,600
SqFt

Courtesy of LoKation Real Estate

List Price
$1,200,000
Type
Multifamily
Status
ACTIVE
MLS Number
6810278
Finished Sqft
5,600
Above Grade Sqft
4000
Total Sqft
5600
Subdivision
Campus West
Sub-Area
Campus West
Year Built
1981

Property Description

Fantastic rental income property to start or add to your portfolio. This 4 plex which boast of 3 beds and 2 bath in each unit has a current net cap rate of 6.2% and with some cosmetic improvements rents could soar and bring the cap rate up to 8.0% based on current fair market rent rates. This unit has a extremely low vacancy rate and is located in a highly sought after area. Specifically, its walking proximity to Colorado Christian University make it a ideal rental. This complex also desirable to those who want to work in or around St. Anthony's Hospital, Belmar, Red Rocks Community College and Sloan's Lake. Easy access to 6th ave, Hwy 285 and C-470 allow for quick commutes into Downtown Denver, the Mountains and the greater metro. The long term potential income and appreciation on this complex is rarely seen in Denver Metro real estate! **UPDATE** Unit 293 has been fully remodeled

Additional Information

School District
Jefferson County R-1
Elementary School
South Lakewood
Middle School
Creighton
High School
Lakewood
Style
Contemporary
Basement
Finished
Basement Finished
Yes
Total HOA Fees
$962
HOA Frequency
Monthly
Fee Includes
Electricity, Gas, Heat, Insurance, Maintenance Grounds, Maintenance Structure, ReserveFund, Sewer, Snow Removal, Trash, Water
Lot Size
9,250
Acres
0.21
Contstruction
Frame
Taxes
$5,370
Tax Year
2022

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks


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