10635 W 7th Ave - Apartments FOR SALE


Lakewood, CO 80215- Eiber
$2,300,000 USD
303-962-9543
10635 W 7th Ave, Lakewood, CO for Sale
$2,300,000 USD
Apartments - FOR SALE
1/33
null | 5.5% Cap Rate

10635 W 7th Ave
Lakewood, CO 80215
Eiber


HIGHLIGHTS

  • ALL OVERSIZED 2BD/2BA & 3BD/2BA UNITS INCLUDING TWO 3BD/2BA TOWNHOMES
  • TURN-KEY OPPORTUNITY WITH UPDATED KITCHENS, BATHS, AND FLOORING
  • NEAR OAK STREET & FEDERAL CENTER LIGHT RAIL STATIONS
  • CLOSE TO ST. ANTHONY’S HOSPITAL
  • FUTURE POSSIBLE CONDO CONVERSION OPPORTUNITY
  • TENANT STORAGE LOCKERS

OVERVIEW

The Pines Apartments building is a beautiful combination of residential comfort and modern convenience building in the heart of Lakewood’s Majestic Heights neighborhood. The pet-friendly and professionally managed property offers a generous mix of spacious 2-bedroom/2-bathroom units and 3-bedroom/2-bathroom units, including two unique 2-story townhome-style 3-bedroom/2-bathroom residences. The entire 10-unit building has been substantially upgraded, featuring key capital improvements like a newer hail resistant roof (2017). Inside, every unit has been updated, showcasing comprehensive renovations that include modern finishes, upgraded appliances, new cabinets and countertops, and new durable flooring. On-site amenities include 10 dedicated carports in the back for private covered parking, a 24-hour shared laundry facility, and extra resident storage.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

10

PRICE/UNIT

$230,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pines Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,691 SF

ZONING

5-R, Lakewood

APN/PARCEL ID

49-044-17-012

ASK ABOUT THIS PROPERTY

Jim KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9543

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Jim KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9543

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