9842-9856 W 22nd Pl - Apartments FOR SALE


Lakewood, CO 80215- Morse Park
$1,095,000 USD
720-989-7727
9842-9856 W 22nd Pl, Lakewood, CO for Sale
$1,095,000 USD
Apartments - FOR SALE
1/14
null | 6.5% Cap Rate

9842-9856 W 22nd Pl
Lakewood, CO 80215
Morse Park


HIGHLIGHTS

  • Great Lakewood location near Crown Hill Park and Lake with easy access to mountain recreation
  • Recent bathroom and flooring updates
  • Fully occupied with positive financials

OVERVIEW

Well-located 4-plex investment opportunity in Lakewood offering stable income and strong rental fundamentals. Representing a 6.54% cap rate on current rents, providing investors with immediate cash flow in a desirable Denver metro submarket. This courtyard-style multifamily property features a desirable unit mix consisting of three 2-bedroom / 1-bath units and one spacious 3-bedroom / 2-bath unit. The three-bedroom unit includes a primary suite with an ensuite bathroom and walk-in closet, along with a private side patio and yard area, offering an attractive layout for tenants or an owner occupant. All units are separately metered for gas and electric. The property features a shared laundry room and nine off-street parking spaces, providing convenient amenities for residents. Recent updates include bathroom improvements, interior paint, and updated flooring. Two of the units also include air conditioning and upgraded electrical panels, adding modern functionality and tenant appeal. Ideally situated near Crown Hill Park, the location offers excellent accessibility with quick connections to 6th Avenue and Interstate 70, providing convenient commuting to Downtown Denver as well as easy access to Colorado’s mountain recreation areas.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

4

PRICE/UNIT

$273,750

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,696 SF

ZONING

M-R-U

APN/PARCEL ID

39-342-06-011

ASK ABOUT THIS PROPERTY

Brad UhligWest Peak Properties.comMore Info
720-989-7727

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Brad UhligWest Peak Properties.comMore Info
720-989-7727

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