MLS# 4059611 – 1360 Zephyr Street, Lakewood, CO 80214

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

Property Description

Description

7,004 Sqft

27,442 Sqft lot

0.63 Acre lot

Status: Active

Property Type: Multi-family

Year Built: 1952

Days on Website: 12

Property Features • Four Single-Story Buildings • Great Unit Mix: (7) 1Bd/1Ba; (2) 2Bd/1Ba & (2) 3Bd/1Ba Units • 6.69% Current CAP Rate! • Newer Parking Lots & Roofs on All Buildings • Each Unit Contains Private Fenced Yard and Lives Like Private Single-Family Rental • Short Walk to Wadsworth Light Rail Station • Large 27,392 SF Lot Zoned M-R-U (Mixed Use - Residential - Urban) Offers Potential for Redevelopment • On-Site Laundry & Storage Units • Near Retail Center at Wadsworth Blvd & W Colfax Avenue

Property Details and Features

Property Access

Road Frontage Type:

"Public"

Road Responsibility:

"Public Maintained Road"

Road Surface Type:

"Paved"

Building

Building Name:

Zephyr Flats

Construction Materials:

"Frame"

Effective Year Built:

2022

Occupant Type:

Tenant (Multiple)

Structure Type:

"Low Rise (1-3)"

Total Area:

7004

Unit Count:

Unit Types:

"Array", "Array", "Array"

Built in 1952

11 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:

$55,163

Projected Annual Expense:

$59,704

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:

141515.00

Gross Income:

$196,678

Projected Annual Net Income:

$148,667

Projected Gross Income:

$208,371

Listing

Listing Id:

REC4059611

Standard Status:

Active

Mls Status:

Active

Listing Contract Date:

2024-12-09

Listing Terms:

"Cash", "Conventional"

Original List Price:

$2,115,000

Location

County Or Parish:

Jefferson

Lot

Acres:

0.63

Area:

0.63

Features:

"Near Public Transit"

Parcel Number:

052596

Square Feet:

27442.8

Energy Saving

Green Verification Count:

Owner Pays

Owner Pays:

"Trash Collection", "Water"

Parking

Parking Total:

Carport Spaces:

Offstreet Spaces:

Reserved Spaces:

RV Spaces:

Parking Count:

Property

Current Use:

"Multi-Family"

Property Sub Type:

Multi-Family

Zoning:

M-R-U

Roof

Roof:

"Composition"

Sewer

Sewer:

"Public Sewer"

Taxes

Annual Amount:

8617

Legal Description:

SECTION 02 TOWNSHIP 04 RANGE 69 QTR NW SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 074 LOT SIZE: 26320 TRACT 002 VALUE: .604 SECTION 02 TOWNSHIP 04 RANGE 69 QTR NW SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 074 LOT SIZE: 1072 TRACT 0 S2 VALUE: .025

Tax Year:

2023

Tenant Pays

Tenant Pays:

"Cable TV", "Electricity", "Gas", "Internet", "Telephone"

Utilities

Power Production Count:

Utilities:

"Cable Available", "Electricity Available", "Electricity Connected", "Natural Gas Available", "Natural Gas Connected", "Phone Available", "Phone Connected", "Sewer Connected"

Water Included

Water Source:

"Public"

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Contact an Agent

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Location

$2,115,000 -

1360 Zephyr Street Lakewood , CO 80214

County Or Parish: Jefferson

1360 Zephyr Street Lakewood , CO 80214

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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