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    9493 W 14th Avenue

    Lakewood, CO 80215
    • $1,650,000
    • STATUS: Pending
    • ON SITE: 22 days
    • ID#: 8051139
    Under Contract
    UPDATED: 53 min ago
    $1,650,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,350
      SQFT
    • $176
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    Offered by Ecospace, Inc.

    Description

    Hoyt Eight provides a wonderful opportunity to purchase a fully leased and stabilized cash-flowing asset with the bonus to capture value add through rent increases and utilization of the 1,500 square foot basement into storage units. The property maintained 100% occupancy and had zero delinquencies during COVID and this past year. The actual cap rate at listing is 6.23% and proforma 6.89%. The 8 units are a good mix between 6 two-bedroom units and 2 three-bedroom units. The structure will be low maintenance with its all brick construction and newer 2017 roof. 4 of the units have been fully updated with the remaining 4 in good rentable condition. A close walk to all the amenities on Colfax and the Garrison Ling Rail State (W Line). Lastly, you'll notice the significant amount of new construction that has happened all around the property. To the West is a new construction multi family project and directly to the south Century Communities is building a 80+ unit townhome project called Pearson Grove that will be priced at $420,000 per unit.

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Compass Colorado Realty are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.compasscolorado.com/homes/110609514
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    9493 W 14th Avenue Lakewood, CO 80215

    • Price: $1,650,000
    • Status: Pending
    • Updated: 53 min ago
    • ID#: 8051139
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    9,350
    SQFT
    $176
    $/SQFT
    1957
    Built
    County:
    Jefferson
    Area:
    Lakewood
    Property Description
    Hoyt Eight provides a wonderful opportunity to purchase a fully leased and stabilized cash-flowing asset with the bonus to capture value add through rent increases and utilization of the 1,500 square foot basement into storage units. The property maintained 100% occupancy and had zero delinquencies during COVID and this past year. The actual cap rate at listing is 6.23% and proforma 6.89%. The 8 units are a good mix between 6 two-bedroom units and 2 three-bedroom units. The structure will be low maintenance with its all brick construction and newer 2017 roof. 4 of the units have been fully updated with the remaining 4 in good rentable condition. A close walk to all the amenities on Colfax and the Garrison Ling Rail State (W Line). Lastly, you'll notice the significant amount of new construction that has happened all around the property. To the West is a new construction multi family project and directly to the south Century Communities is building a 80+ unit townhome project called Pearson Grove that will be priced at $420,000 per unit.
    Exterior Features

    Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Garden Garage YN No Lot Features Corner LotNear Public Transit Lot Size Square Feet 13723 Parking Total 15 Roof Composition

    Property Features

    Community Features Storage Facilities Construction Materials Brick Contingency None Known Property Sub Type Multi Family Tax Annual Amount 8896 Tax Year 2019 Water Source Public

    Listing courtesy of Ecospace, Inc: MLS #8051139


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Compass Colorado Realty are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    Compass Colorado Realty
    1777 S Harrison St Suite Sky Deck
    Denver CO, 80210
    Offered by Ecospace, Inc.