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Lakewood Crossing 1852 S Wadsworth Blvd 54 Unit Apartment Building For Sale Lakewood, CO 80232
INVESTMENT HIGHLIGHTS
- High Cashflow, Turnkey Asset with Light Value-Add Opportunity in a Top-Performing Submarket
- Attractive Assumable Loan of $7.257mm at 5.28% for a 7-year Term.
- Muted Oncoming Supply Pipeline Fuels Future Demand
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Lakewood Crossing, a 54-unit multifamily community located in Lakewood Colorado. Lakewood Crossing provides investors an
opportunity to acquire a proven value-add property in one of metro Denver’s top performing submarkets. Built in 1971, the property features a complementary mix of (18) one-bedroom and (36) two-bedroom units. The property has been well maintained by current ownership offering a new owner the opportunity to finish the renovations for additional income. Additionally, the property features ample amenities such as a clubhouse, swimming pool, grilling stations, and a playground. The property is surrounded by major employment centers including the Denver Federal Center, Union Business Corridor, St. Anthony Hospital, and Colorado Christian University.
Assumable loan: $7,257,000 Balance, 7-year Term Maturing April 2032, 5.28% Interest Rate, 84 Remaining Months of I.O.
opportunity to acquire a proven value-add property in one of metro Denver’s top performing submarkets. Built in 1971, the property features a complementary mix of (18) one-bedroom and (36) two-bedroom units. The property has been well maintained by current ownership offering a new owner the opportunity to finish the renovations for additional income. Additionally, the property features ample amenities such as a clubhouse, swimming pool, grilling stations, and a playground. The property is surrounded by major employment centers including the Denver Federal Center, Union Business Corridor, St. Anthony Hospital, and Colorado Christian University.
Assumable loan: $7,257,000 Balance, 7-year Term Maturing April 2032, 5.28% Interest Rate, 84 Remaining Months of I.O.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.50 AC |
| No. Units | 54 | Building Size | 55,400 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1971/2018 |
| Building Class | C | Parking Ratio | 2.61/1,000 SF |
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.50 AC |
| Building Size | 55,400 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2018 |
| Parking Ratio | 2.61/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Ceiling Fans
- Refrigerator
SITE AMENITIES
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Grill
- Storage Space
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 650 |
| 2+1 | 36 | - | 825 |
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 49-234-00-003 | Improvements Assessment | $718,202 CAD |
| Land Assessment | $205,286 CAD | Total Assessment | $923,488 CAD |
PROPERTY TAXES
Parcel Number
49-234-00-003
Land Assessment
$205,286 CAD
Improvements Assessment
$718,202 CAD
Total Assessment
$923,488 CAD
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Lakewood Crossing | 1852 S Wadsworth Blvd
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