1045 Balsam St - Apartments FOR SALE


Lakewood, CO 80214- Eiber
$1,800,000 USD
303-931-0793
1045 Balsam St, Lakewood, CO for Sale
$1,800,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

1045 Balsam St
Lakewood, CO 80214
Eiber


OVERVIEW

Located in the heart of Lakewood, Colorado, 1045 Balsam Street is an 11-unit multifamily property offering a strong value-add opportunity for investors. The unit mix consist of one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, providing a diverse range of options for tenants in a highly sought-after rental market. The property is well-positioned for upside through both interior/exterior renovations and rental increases. Current rents are below market, and updating the units offers a clear path to enhancing both income and asset value. The location is another key strength, with convenient access to major roadways and public transportation. This property represents a rare chance to acquire a well-located multifamily asset with immediate potential for increased cash flow and long-term appreciation. With strong rental demand in the area and a clear opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

11

PRICE/UNIT

$163,636

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,950 SF

ZONING

R-4, Lakewood

APN/PARCEL ID

49-022-23-015

ASK ABOUT THIS PROPERTY

Phil DanknerUnique Properties, Inc.More Info
303-931-0793

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Phil DanknerUnique Properties, Inc.More Info
303-931-0793

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