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446-452 S Depew St 4 Unit Apartment Building $1,383,116 CAD ($345,779 CAD/Unit) 5.90% Cap Rate Lakewood, CO 80226
INVESTMENT HIGHLIGHTS
- 1986 construction
- In-unit laundry
- Seller financing available
- Private patio decks
EXECUTIVE SUMMARY
SELLER FINANCING AVAILABLE:
446-452 S Depew St. is a 4-unit apartment building built in 1986. It’s located in the South Alameda neighborhood of Lakewood just 1 mile east of the popular Belmar community. Tenants enjoy the quiet neighborhood while still being a quick commute from downtown Denver, popular Lakewood locations, and closer to the mountains.
The building consists of all 2 bed/1bath units with in-unit laundry. One unit has an attached 2-car garage and two of the units have private patio decks. All units are separately metered for both gas and electric which the tenant’s pay directly in their names. Multiple units have received recent renovations with updated flooring, kitchens and bathrooms. There has recently been new concrete and flat work with an ample amount of parking for tenants that don’t have access to the garage. For the right buyer, this seller is offering seller financing with proposed terms on page 11. It is also available without seller financing - please call the listing broker for more details.
446-452 S Depew St. is a 4-unit apartment building built in 1986. It’s located in the South Alameda neighborhood of Lakewood just 1 mile east of the popular Belmar community. Tenants enjoy the quiet neighborhood while still being a quick commute from downtown Denver, popular Lakewood locations, and closer to the mountains.
The building consists of all 2 bed/1bath units with in-unit laundry. One unit has an attached 2-car garage and two of the units have private patio decks. All units are separately metered for both gas and electric which the tenant’s pay directly in their names. Multiple units have received recent renovations with updated flooring, kitchens and bathrooms. There has recently been new concrete and flat work with an ample amount of parking for tenants that don’t have access to the garage. For the right buyer, this seller is offering seller financing with proposed terms on page 11. It is also available without seller financing - please call the listing broker for more details.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$108,057
|
$32.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,057
|
$32.12
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,120
|
$7.76
|
| Net Operating Income |
$81,937
|
$24.36
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $108,057 |
| Annual Per SF | $32.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $108,057 |
| Annual Per SF | $32.12 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,120 |
| Annual Per SF | $7.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $81,937 |
| Annual Per SF | $24.36 |
PROPERTY FACTS
| Price | $1,383,116 CAD | Building Class | C |
| Price Per Unit | $345,779 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 3,364 SF |
| Cap Rate | 5.90% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 2.08/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | 4-R - RMF | ||
| Price | $1,383,116 CAD |
| Price Per Unit | $345,779 CAD |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 3,364 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | 4-R - RMF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 815 |
1 1
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 49-131-00-020 | Improvements Assessment | $36,236 CAD |
| Land Assessment | $29,343 CAD | Total Assessment | $65,580 CAD |
PROPERTY TAXES
Parcel Number
49-131-00-020
Land Assessment
$29,343 CAD
Improvements Assessment
$36,236 CAD
Total Assessment
$65,580 CAD
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446-452 S Depew St
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