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120 Jay St, Lakewood, CO

$1,350,000 - 21 Beds 7 Baths 6,156 Sqft .32 Acres

7% cap rate! Updated 7 unit apartment building in Lakewood, just 15 minutes away from Downtown Denver and a straight shot into the mountains going West on Highway 6. . Consist of seven 3-bedroom apartments on a large, well-maintained lot. Plus a large laundry/mechanical room that includes 7 storage units for additional income. This space could also be a potential 8th unit! All units have been updated. Strong leases are in place. Great location: Just minutes away from the Light Rail - Denver West Line. Close to great retail stores such as Walmart, Home Depot and the shops at Belmar which include Whole Foods and the Lakewood City Commons. The Lakewood Reinvestment Authority is the major economic force in the Lakewood area and has encouraged a combination of gentrification and new construction which is occurring within this defined neighborhood.

Keller Williams Realty Downtown LLC.

Listing Status: Active

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Essential Information

  • MLS® # 3790218
  • Price $1,350,000
  • Bedrooms 21
  • Bathrooms 7.00
  • Square Footage 6,156
  • Acres 0.32
  • Year Built 1958
  • Type Income
  • Sub-Type Income
  • Style Ranch/1 Story
  • Status Active

Community Information

  • Address 120 Jay St
  • Subdivision North Alameda
  • City Lakewood
  • County Jefferson
  • State CO
  • Zip Code 80226

Amenities

  • Parking Spaces 13
  • Parking Off-Street

Interior

  • Heating Forced Air
  • Cooling Air Conditioning-Room

Exterior

  • Lot Description 14000.00
  • Roof Composition Shingles
  • Construction Brick

School Information

  • District Jefferson R-1
  • Elementary Stein
  • Middle Alameda Int'l
  • High Alameda Int'l

Additional Information

  • Zoning MRS / Apartment Low Rise

Listing Details

Office

Keller Williams Realty Downtown LLC

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183-193 S Ingalls St, Lakewood

16 Beds, 8 Baths, 6,348 SqFt
May be Sold Separately or Together with 213-233 S Ingalls Street. 8-Unit Apartment Building in Highly Desirable Location - One Mile From Belmar Shopping Center. Hardwood Floors in Excellent Condition, Individually Deeded 4-Plexes, Updated Windows, Electrical, & Kitchens, and All 2Bd/1Ba Units.
Pinnacle Real Estate Advisors Status: Active

Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Cascade Team Real Estate are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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Listing information last updated on April 21st, 2019 at 8:04pm PDT.