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538 S Ames St 4 Unit Apartment Building $1,696,515 CAD ($424,129 CAD/Unit) 7.56% Cap Rate Lakewood, CO 80226
INVESTMENT HIGHLIGHTS
- Renovated 4-Plex on Large 0.49 Acre Lot
- (4) Large Garages Provide Additional Income
- Just 1.76% Historical Vacancy!
- 7.56% Current CAP Rate!
- All Large 2Bd & 3Bd Units
- Furnaces, Hot Water Heaters, Washer/Dryer Hookups & Swamp Coolers Dedicated to Each Unit
EXECUTIVE SUMMARY
JUST LISTED! Renovated 4-Plex on Large 0.49 Acre Lot. 7.56% Actual CAP Rate with only 1.76% Historical Vacancy!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$147,991
|
$25.70
|
| Other Income |
$23,089
|
$4.01
|
| Vacancy Loss |
$3,007
|
$0.52
|
| Effective Gross Income |
$168,074
|
$29.18
|
| Taxes |
$6,013
|
$1.04
|
| Operating Expenses |
$33,833
|
$5.87
|
| Total Expenses |
$39,847
|
$6.92
|
| Net Operating Income |
$128,227
|
$22.27
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $147,991 |
| Annual Per SF | $25.70 |
| Other Income (CAD) | |
|---|---|
| Annual | $23,089 |
| Annual Per SF | $4.01 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,007 |
| Annual Per SF | $0.52 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $168,074 |
| Annual Per SF | $29.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,013 |
| Annual Per SF | $1.04 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $33,833 |
| Annual Per SF | $5.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,847 |
| Annual Per SF | $6.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $128,227 |
| Annual Per SF | $22.27 |
PROPERTY FACTS
| Price | $1,696,515 CAD | Building Class | C |
| Price Per Unit | $424,129 CAD | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 5,759 SF |
| Cap Rate | 7.56% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-MF | ||
| Price | $1,696,515 CAD |
| Price Per Unit | $424,129 CAD |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 5,759 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R-MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Hardwood Floors
- Refrigerator
- Oven
- Carpet
- Garden
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | $3,594 CAD | 1,566 |
| 2+1 | 1 | $2,250 CAD | 1,257 |
| 3+3 | 1 | $3,739 CAD | 2,080 |
| 2+2 | 1 | $2,749 CAD | 855 |
1 1
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 49-131-05-003 | Total Assessment | $66,427 CAD (2024) |
| Land Assessment | $40,227 CAD (2024) | Annual Taxes | $6,013 CAD ($1.04 CAD/SF) |
| Improvements Assessment | $26,200 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
49-131-05-003
Land Assessment
$40,227 CAD (2024)
Improvements Assessment
$26,200 CAD (2024)
Total Assessment
$66,427 CAD (2024)
Annual Taxes
$6,013 CAD ($1.04 CAD/SF)
Tax Year
2025
CONTACTS
-
Connor Knutson -
Lindsey Santaularia -
Annie Joseph -
Pinnacle Real Estate Advisors
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538 S Ames St
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