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$ 950,000
$ 1,050,000 9.5%
Est. payment | /mo
4,853 SqFt
$ 950,000
$ 1,050,000 9.5%
Est. payment | /mo
4,853 SqFt
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,853 sqft
Price per Sqft $195
MLS Listing ID 5959267
Sold Date 06/06/25
HOA Y/N No
Year Built 1983
Annual Tax Amount $6,204
Tax Year 2024
Lot Size 0.382 Acres
Acres 0.38
Property Sub-Type Multi Family
Source recolorado
Property Description
Located in the heart of Lakewood, Colorado, 1300 Balsam Street presents a fantastic value-add investment opportunity. This well maintained, five-unit multifamily property offers spacious two bedroom, one-and-a-half-bath units, ideal for attracting long-term tenants. Each townhome style unit is generously sized and designed to maximize comfort and livability. The property's value-add potential lies in its opportunity for interior updates, improved amenities, and overall aesthetic enhancements, allowing for significant rent growth and increased returns on investment. With strong demand for quality rental housing in the Lakewood area, this asset offers significant upside potential for a savvy investor. Situated in a desirable neighborhood, 1300 Balsam Street offers convenient access to major highways, shopping, dining, and outdoor recreation, making it a prime location for attracting high-quality tenants. This is a rare opportunity to acquire a well-positioned multifamily asset in one of the most dynamic rental markets in the Denver Metro area.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Total Parking Spaces 10
Garage No
Building
Sewer Community Sewer
Structure Type Wood Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Unique Properties LLC
Bought with eXp Realty, LLC
Bought with eXp Realty, LLC
18801 E Mainstreet, Ste 250, Parker, CO, 80134, United States