1776 Jay St - Apartments FOR SALE


Lakewood, CO 80214- Edgewood
$585,000 USD
303-261-6587
1776 Jay St, Lakewood, CO for Sale
$585,000 USD
Apartments - FOR SALE
1/40
null | 7.26% Cap Rate

1776 Jay St
Lakewood, CO 80214
Edgewood


HIGHLIGHTS

  • New renovations and nearly all major operating systems (roof/AC/water heater/carpet/paint/bathroom/etc) are brand new within the past 2 years.
  • Amazing Sloan's Lake, Edgewater, Denver Location - blocks to mass transit, light rail, breweries, restaurants, Edgewater Public Market.
  • Historically low vacancy rate and very strong rents with additional income streams via the shed which has electrical and additional outdoor storage.

OVERVIEW

Unlock ultimate versatility just blocks from Sloan's Lake at 1776 Jay Street. This dynamic property offers a dual-unit layout featuring 6 total bedrooms, 2 kitchens, and 2 family rooms. Each unit has its own separate and dedicated entrance. Laundry including the washers and dryers in each unit. It is primed for an ideal house hack, steady rental income, or a simple future conversion back into a massive single-family home. Dual-Income Flexibility: Separate upper and lower levels allow you to live in one space and rent the other, or rent both units for maximum cash flow. Single-Family Potential: Easily reconnect the levels by adding interior stairs to create a spacious, traditional home. Enjoy peace of mind with a newer roof & decking, gutters, fresh paint, newly refinished hardwood floors, durable slate flooring, stainless steel appliances, brand new bathroom remodel, newer AC & water heater, ceiling fans, lighting, carpet. Enjoy a massive fenced backyard, a 10x20 storage shed with electric, a dog run, and an oversized RV pad with incredible potential to build a detached garage. Prime Sloan's Lake Lifestyle! Located just blocks from the water, trails, and parks. Walk to local favorites like the Edgewater Public Market, local breweries, and coffee shops. Just 6 blocks from the light rail stop for fast commutes to Downtown Denver, Golden, DIA, Red Rocks, skiing and hiking. Current owner rented out both units consistently with strong rents at an 8% cap rate.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

2

PRICE/UNIT

$292,500

CAP RATE

7.26%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R1

APN/PARCEL ID

39-363-07-002

ASK ABOUT THIS PROPERTY

Sara HankensonSara Sells ColoradoMore Info
303-261-6587

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Sara HankensonSara Sells ColoradoMore Info
303-261-6587

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