7005 W 16th Pl - Apartments FOR SALE


Lakewood, CO 80214- Edgewood
$2,225,000 USD
925-989-8930
7005 W 16th Pl, Lakewood, CO for Sale
$2,225,000 USD
Apartments - FOR SALE
1/10
null | 6.01% Cap Rate

7005 W 16th Pl
Lakewood, CO 80214
Edgewood


HIGHLIGHTS

  • Desirable growth location near Sloan’s Lake
  • High end condo quality finishes with modern fixtures, flooring, and countertops
  • Attractive side-by-side layout with front & back doors
  • Recent improvements include new roof, windows, landscaping, updated electrical, re-striped parking lot
  • Dedicated parking with guest parking spaces

OVERVIEW

The Flats at 16th are 12 premium condos with high end finishes. The units are all 1Bd/1Ba with attractive side by side layouts, front & back doors, and nearly 2:1 off street parking. In addition to the renovated interiors, there have been many recent improvements including new roof, windows, landscaping, updated electrical, and re-striped parking lot. This location has been experiencing rapid growth with new development moving west from Sloan’s Lake as well as the walkable Wadsworth Light Rail Station. For the right investor, this is a great opportunity to buy a clean deal in a rapidly growing neighborhood.

FOR SALE DETAILS

PRICE

$2,225,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

12

PRICE/UNIT

$185,417

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flats at 16th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,750 SF

ZONING

5R

APN/PARCEL ID

39-354-01-140

ASK ABOUT THIS PROPERTY

Hunter SchaeferNorthPeak Commercial AdvisorsMore Info
925-989-8930

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Hunter SchaeferNorthPeak Commercial AdvisorsMore Info
925-989-8930

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