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
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