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162 S Ingalls Street
Lakewood, 80226
SOLD
$1,335,000
Sold
5,816
Sq.Ft.
0.34
Acres
1961
Yr. Built
MLS# 4296342

Property Details

Discover an exceptional investment opportunity in the heart of Lakewood's North Alameda neighborhood - an 8-unit apartment building brimming with potential. Boasting a stable rent roll, this property offers a promising foundation for income generation. Yet, with strategic enhancements, higher rental yields are well within reach, promising a solid return on investment. Positioned to operate as a robust 6+ cap property at current rent levels, it presents an enticing prospect for savvy investors seeking value-add ventures.Whether you're a seasoned investor seeking a lucrative addition to your portfolio or an enterprising newcomer looking to make your mark in the real estate market, this property offers the ideal canvas for realizing your investment aspirations. Don't miss out on this chance to seize a prime value-add play in Lakewood's thriving rental market.

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Property Highlights

Price
$1,350,000
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Acres
0.34
Year Built
1961

Location

County
Jefferson

Property Details

Price
$1,350,000
Property Sub Type
Multi-Family
Property Type
Commercial Sale

Building

Structure Type
Low Rise (1-3)
Total Area
5,816

Interior Features

Area and Spaces

Number of Units
8

Building Details

Construction

Year Built
1961

Materials

Construction Materials
Brick
Roof
Architecural Shingle

Terms

Commercial

Cap Rate
7.00

Terms

Contingency
None Known
Exclusions
Tenants Personal property
Financing Options
Conventional
Special Conditions
None
Special Terms
Cash, Conventional

Taxes

Tax

Tax (Annual)
$8,268

Heating, Cooling & Utilities

Utilities

Sewer
Public Sewer
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected
Water Source
Public

Lot

Acres
0.34
Lot Features
Irrigated, Landscaped, Sprinklers In Front
Lot Size
15,000
Lot Size Area Sq Ft
15,000

Parking

Total Parking Spaces
11
Listed by Altos Realty Advisors, Inc., chrisk@goaltos.com, 720-392-5663. Sold by Altos Realty Advisors, Inc..
Listing Data last updated 10/31/2024 11:31 AM
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 31-Oct-2024 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2024 Buying Buddy. All calculations should be independantly verified.
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Property History

10 days ago
Property information last updated
62 days ago
Date Sold
132 days ago
Date of last price change
169 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 169. Data provided by the MLS.

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Listings courtesy of REcolorado as distributed by MLS GRID IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 10/31/2024 11:31 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Listing Data last updated: 10/31/2024 11:31 AM
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