$2,775,000 USD
303-962-9543
7300-7310 W 10th Ave
Lakewood, CO 80214
Molholm Two Creeks
HIGHLIGHTS
- ASSUMABLE FREDDIE MAC LOAN AVAILABLE - $1,920,000 LOAN BALANCE AT 5.29% UNTIL MAY 2028
- VALUE-ADD POTENTIAL THROUGH CONTINUED RENOVATION AND ADDING INUNIT WASHER/DRYER
- NEWLY INSTALLED GUTTERS, HOT WATER HEATER AND ELECTRICAL PANELS.
- 10 UNITS HAVE BEEN RENOVATED INCLUDING NEW FLOORING, KITCHENS, LIGHTING, AND BATHS.
- ATTRACTIVE BASIS RELATIVE TO LAKEWOOD COMPARABLES AND NEWER MULTIFAMILY DEVELOPMENT IN THE DENVER METRO AREA
- BLOCK AND TWIN T CONSTRUCTION CONTRIBUTE TO LONG-TERM DURABILITY AND REDUCED CAPITAL EXPENDITURE RISK.
FOR SALE DETAILS
PRICE
$2,775,000 USD
PRICE/SF
$221 USD /SF
# OF UNITS
17
PRICE/UNIT
$163,235
CAP RATE
5.95%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Club Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1960
PARKING SPACES
34
LAND DETAILS
LAND ACRES
0.67 AC
LAND SF
29,011 SF
ZONING
R-5
APN/PARCEL ID
49-024-04-001
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303-962-9543
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303-962-9543
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