MLS# 3061304 – 5275 W 1st Avenue, Lakewood, CO 80226

Courtesy of Pinnacle Real Estate Advisors cknutson@pinnaclerea.com,303-962-9567

Property Description

Description

29,770 Sqft

58,370 Sqft lot

1.34 Acre lot

Status: Active

Property Type: Multi-family

Year Built: 1961

Days on Website: 12

Property Features • Great Unit Mix & Mostly 2Bd Units • 6.42% Current CAP Rate! • Recent Capital Improvements Include: Newer Windows and Sewer Line, Exterior Painting and Lighting & Newer Roof • Huge 1.34 Acre Lot • Large Storage Area with Potential to Add 3 Studio Units • Less than 2 Miles from Belmar Shopping District • Quick Access to Sheridan Blvd & 6th Avenue Freeway • On-Site Fenced-In Dog Run • 26 Covered Carport Parking Spaces & 30 Off-Street Parking Spaces • Can be Purchased with 1360 Zephyr Street & 717 Oak Street

Property Details and Features

Property Access

Road Frontage Type:

"Public"

Road Responsibility:

"Public Maintained Road"

Road Surface Type:

"Paved"

Building

Building Name:

West 1st Flats

Construction Materials:

"Frame"

Effective Year Built:

2022

Features:

"Wi-Fi"

Occupant Type:

Tenant (Multiple)

Total Area:

29770

Unit Count:

Unit Types:

"Array", "Array", "Array"

Built in 1961

32 total units

Disclosures

Attribution Contact:

cknutson@pinnaclerea.com,303-962-9567

Expenses

Operating Expense Includes:

"Accounting", "Advertising", "Insurance", "Maintenance", "Professional Management", "Real Estate Tax", "Utilities"

Operating Expense:

$174,215

Projected Annual Expense:

$185,690

Home Owner's Association

Association Fee Total Annual:

Association Fee Annual:

0.00

Association Fee 2 Annual Expense:

0.00

Association Fee 3 Annual Expense:

0.00

Income

Actual Annual Net Income:

411015.00

Gross Income:

$585,230

Projected Annual Net Income:

$464,615

Projected Gross Income:

$650,305

Listing

Listing Id:

REC3061304

Standard Status:

Active

Mls Status:

Active

Listing Contract Date:

2024-12-09

Listing Terms:

"Cash", "Conventional"

Original List Price:

$6,400,000

Location

County Or Parish:

Jefferson

Lot

Acres:

1.34

Area:

1.34

Features:

"Near Public Transit"

Parcel Number:

063695

Square Feet:

58370.4

Energy Saving

Green Verification Count:

Parking

Parking Total:

Carport Spaces:

Offstreet Spaces:

Reserved Spaces:

RV Spaces:

Parking Count:

Property

Current Use:

"Multi-Family"

Property Sub Type:

Multi-Family

Roof

Roof:

"Composition"

Sewer

Sewer:

"Public Sewer"

Taxes

Annual Amount:

37598

Legal Description:

SECTION 12 TOWNSHIP 04 RANGE 69 QTR NE SIZE: 58350 VALUE: 1.340 KEY=218

Tax Year:

2023

Utilities

Power Production Count:

Utilities:

"Cable Available", "Electricity Available", "Electricity Connected", "Internet Access (Wired)", "Natural Gas Available", "Natural Gas Connected", "Phone Available", "Phone Connected", "Sewer Connected"

Water Included

Water Source:

"Public"

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Contact an Agent

719 582-6191 Email Me

Location

$6,400,000 -

5275 W 1st Avenue Lakewood , CO 80226

County Or Parish: Jefferson

5275 W 1st Avenue Lakewood , CO 80226

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

Location

Street View

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