5275 W 1st Avenue, Lakewood CO 80226
Property Description
Rerents: 1 bdr - $725; 2 bdr - $850; 3 bdr - $1020. Rerents take one week. so rents are LOW. They should be $750, $950, $1250 for additional income of $69,600/yr. Pass on heat costs to tenants for additional income of $14,000/yr. Rent carport spaces for $35/ea for additional $13,440/yr. Repair storage units and rent for $35/ea for additional $13,440/yr. Add 10 garages for $5,000/ea and rent them for $210/ea for an additional $25,200/yr. Raise additional income of $135,680/yr! Capped at 8% that is an additional $1,696,000 in value yielding NOI of $308,500 and a cap rate of 13.6!General Features
MLS: 8236456 | Status: Sold |
Sold Date: 12/31/2014 | Bedrooms: 59 |
Baths: 32 | Total SqFt: 49,520ft² |
Finished SqFt: 47,780ft² | Above Ground SqFt: 46,180ft² |
Acreage: 1.34 acres | Lot Size: 58,350ft² |
School Information
District: Jefferson County R-1 |
Elementary: Stein |
Middle: O'Connell |
High: Alameda Int'l |