1220 Allison St - Apartments FOR SALE


Lakewood, CO 80214- Eiber
$2,650,000 USD
303-903-9638
1220 Allison St, Lakewood, CO for Sale
$2,650,000 USD
Apartments - FOR SALE
1/10
null | 6.26% Cap Rate

1220 Allison St
Lakewood, CO 80214
Eiber


HIGHLIGHTS

  • Fully renovated units with carports and private patios
  • All units have in unit laundry
  • Attractive side by side layouts
  • Growth location walkable to light rail station
  • Newer exterior and roof
  • Separately metered for gas & electric – tenants pay direct

OVERVIEW

1220 Allison St. is a 12 unit apartment community built in 1969 with extensive recent renovations. Majority of units have been fully renovated in the past 3 years with updated kitchens and bathrooms. All units are 2Bd/1Ba with in unit laundry, private patios, and car ports. The units boast attractive side by side layouts that create a more private feel for tenants. The property sits in a growth location just blocks from the Wadsworth Light Rail Station. The units are separately metered for gas and electric with tenants paying those bills directly. For the right investor, this is an opportunity to buy an updated building with attractive layouts in a growth location.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

12

PRICE/UNIT

$220,833

CAP RATE

6.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,132 SF

ZONING

G-MU-3

APN/PARCEL ID

49-022-16-008

ASK ABOUT THIS PROPERTY

Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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