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HomeTowne Studios Denver Lakewood West 715 Kipling St 147 Room Hotel Lakewood, CO 80215 $14,253,446 CAD ($96,962 CAD/Room)
Investment Highlights
- $1,250,000 Price Reduction!!
- Recent Capital Improvements Include Newer Boiler & Roof
- Priced Well Below Replacement Cost
- Excellent Multifamily Conversion Opportunity: 19.43% Leveraged IRR
- Good Mix of Studios, 1Bd/1Ba & 2Bd/1Ba Units
- Located in an Opportunity Zone
Executive Summary
$1,250,000 PRICE REDUCTION!! 147-Unit Apt Conversion Opportunity in Lakewood, CO. Property currently operated as an Extended Stay with excellent potential to be converted to multifamily. Reach out to Josh Newell for more details.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$3,904,165
|
$48.73
|
| Other Income |
$116,453
|
$1.45
|
| Vacancy Loss |
$1,463,036
|
$18.26
|
| Effective Gross Income |
$2,557,581
|
$31.92
|
| Taxes |
$125,152
|
$1.56
|
| Operating Expenses |
$1,964,207
|
$24.52
|
| Total Expenses |
$2,089,359
|
$26.08
|
| Net Operating Income |
$468,222
|
$5.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $3,904,165 |
| Annual Per SF | $48.73 |
| Other Income (CAD) | |
|---|---|
| Annual | $116,453 |
| Annual Per SF | $1.45 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,463,036 |
| Annual Per SF | $18.26 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $2,557,581 |
| Annual Per SF | $31.92 |
| Taxes (CAD) | |
|---|---|
| Annual | $125,152 |
| Annual Per SF | $1.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,964,207 |
| Annual Per SF | $24.52 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,089,359 |
| Annual Per SF | $26.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $468,222 |
| Annual Per SF | $5.84 |
Property Facts
| Price | $14,253,446 CAD | Building Size | 80,120 SF |
| Price Per Room | $96,962 CAD | No. Rooms | 147 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1971/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.86/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.37 AC | Opportunity Zone |
Yes
|
| Zoning | C-R | ||
| Price | $14,253,446 CAD |
| Price Per Room | $96,962 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.37 AC |
| Building Size | 80,120 SF |
| No. Rooms | 147 |
| No. Stories | 3 |
| Year Built/Renovated | 1971/2019 |
| Parking Ratio | 1.86/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-R |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 147 | $98.73 CAD | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-044-00-002 | Total Assessment | $1,434,439 CAD (2024) |
| Land Assessment | $294,625 CAD (2024) | Annual Taxes | $125,152 CAD ($1.56 CAD/SF) |
| Improvements Assessment | $1,139,814 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-044-00-002
Land Assessment
$294,625 CAD (2024)
Improvements Assessment
$1,139,814 CAD (2024)
Total Assessment
$1,434,439 CAD (2024)
Annual Taxes
$125,152 CAD ($1.56 CAD/SF)
Tax Year
2025
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HomeTowne Studios Denver Lakewood West | 715 Kipling St
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