1022 S Arbutus St - Multi-Family FOR SALE


Lakewood, CO 80228- Foothills
$835,000 USD
720-989-7727
1022 S Arbutus St, Lakewood, CO for Sale
$835,000 USD
Multi-Family - FOR SALE
1/21
null | 6.12% Cap Rate

1022 S Arbutus St
Lakewood, CO 80228
Foothills


HIGHLIGHTS

  • Great location at the base of Green Mountain
  • Great Schools
  • Spacious Units

OVERVIEW

Turnkey, income-producing side-by-side duplex ideally located at the base of Green Mountain Open Space in Lakewood, just a short walk to the Green Mountain Trailhead. This well-maintained property features two 3-bedroom, 2-bath units, each offering a functional layout, single-car garage, and separate backyard. A rare combination that drives long-term tenant demand and retention. One unit benefits from an expansive upper-level renovation that significantly enhances the living and dining area, adding increased usability. The property has been consistently well cared for, reducing near-term capital expenditure risk. The duplex is fully occupied with tenants providing immediate cash flow and making it an excellent long-term hold for the savvy investor. The location is a major value driver, with close proximity to outdoor recreation and highly desirable schools, including Green Mountain High School and D’Evelyn High School, ranked the #1 high school in Colorado by U.S. News & World Report. A strong combination of location, unit mix, condition, and tenant appeal. This is a solid multifamily asset in one of Lakewood’s most sought-after foothill neighborhoods.

FOR SALE DETAILS

PRICE

$835,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

2

PRICE/UNIT

$417,500

CAP RATE

6.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1022 S Arbutus

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,756 SF

ZONING

-

APN/PARCEL ID

49-184-22-002

ASK ABOUT THIS PROPERTY

Brad UhligWest Peak Properties.comMore Info
720-989-7727

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Brad UhligWest Peak Properties.comMore Info
720-989-7727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.