$768,250
$795,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
2,988 SqFt
SOLD DATE : 09/24/2025
Key Details
Sold Price $768,250
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 2,988 sqft
Subdivision North Alameda
MLS Listing ID 6282231
Sold Date 09/24/25
Style Ranch
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 2,988
Year Built 1961
Annual Tax Amount $4,624
Property Sub-Type Income Property
Source REcolorado
Property Description
Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision.
Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location.
When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
Location
State CO
County Jefferson
Area Metro Denver
Direction From 6th Ave take the Sheridan exit, and head south. Take a right onto 4th Ave, and your first left on Ames, then another right onto 3rd Pl. 2nd building on the right hand side.
Interior
Heating Forced Air
Appliance Refrigerator, Washer, Dryer
Exterior
Exterior Feature Balcony
Garage Spaces 10.0
Fence Partial
Roof Type Composition
Handicap Access Accessible Elevator Installed
Building
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame,Brick/Brick Veneer,Block,Concrete
New Construction false
Schools
Elementary Schools Deane
Middle Schools Alameda Int'L
High Schools Alameda Int'L
School District Jefferson County R-1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with Coldwell Banker Realty 24
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”
201 Coffman Street # 1902, Longmont, Colorado, 80502, United States