9842-9856 W 22nd Pl 4 Unit Apartment Building $1,506,523 CAD ($376,631 CAD/Unit) 6.50% Cap Rate Lakewood, CO 80215

Well-located 4-plex investment opportunity in Lakewood offering stable income and strong rental fundamentals. Representing a 6.54% cap rate on current rents, providing investors with immediate cash flow in a desirable Denver metro submarket.
This courtyard-style multifamily property features a desirable unit mix consisting of three 2-bedroom / 1-bath units and one spacious 3-bedroom / 2-bath unit.
The three-bedroom unit includes a primary suite with an ensuite bathroom and walk-in closet, along with a private side patio and yard area, offering an attractive layout for tenants or an owner occupant.
All units are separately metered for gas and electric. The property features a shared laundry room and nine off-street parking spaces, providing convenient amenities for residents.
Recent updates include bathroom improvements, interior paint, and updated flooring. Two of the units also include air conditioning and upgraded electrical panels, adding modern functionality and tenant appeal.
Ideally situated near Crown Hill Park, the location offers excellent accessibility with quick connections to 6th Avenue and Interstate 70, providing convenient commuting to Downtown Denver as well as easy access to Colorado’s mountain recreation areas.