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1045 Balsam St 11 Unit Apartment Building $2,512,656 CAD ($228,423 CAD/Unit) Lakewood, CO 80214
EXECUTIVE SUMMARY
Located in the heart of Lakewood, Colorado, 1045 Balsam Street is an 11-unit multifamily property offering a strong value-add opportunity for investors. The unit mix consist of one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, providing a diverse range of options for tenants in a highly sought-after rental market. The property is well-positioned for upside through both interior/exterior renovations and rental increases. Current rents are below market, and updating the units offers a clear path to enhancing both income and asset value. The location is another key strength, with convenient access to major roadways and public transportation. This property represents a rare chance to acquire a well-located multifamily asset with immediate potential for increased cash flow and long-term appreciation. With strong rental demand in the area and a clear opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling addition to any investment portfolio.
PROPERTY FACTS
| Price | $2,512,656 CAD | Building Class | C |
| Price Per Unit | $228,423 CAD | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 8,590 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Parking Ratio | 2.44/1,000 SF |
| Zoning | R-4, Lakewood | ||
| Price | $2,512,656 CAD |
| Price Per Unit | $228,423 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 8,590 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | R-4, Lakewood |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+2 | 6 | - | - |
1 1
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 49-022-23-015 | Improvements Assessment | $96,491 CAD |
| Land Assessment | $37,486 CAD | Total Assessment | $133,977 CAD |
PROPERTY TAXES
Parcel Number
49-022-23-015
Land Assessment
$37,486 CAD
Improvements Assessment
$96,491 CAD
Total Assessment
$133,977 CAD
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1045 Balsam St
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