CO
Jefferson
Lakewood
80214
1951 Upham Street
1951 Upham Street, Lakewood, CO 80214
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Listing Type
Commercial/Industrial
Listing Status
Active
13
$1,350,000
Home Details for 1951 Upham Street
Price
$1,350,000
Type
Commercial Sale
Year built
1961
Lot size acres
0.31
County
Jefferson
Days on site
56
MLS Listing#
8628266
Property Description
1951 Upham St. is a 7-unit apartment community built in 1961 with recent updates to interiors, roof, parking lot, sprinkler system, fence, and exterior stairs. The building is composed of all 2 and 3 bedrooms units. Pride of ownership is clearly apparent in this well maintained property. Tenant retention has been strong and there is potential rent upside as evidenced in 0% historical vacancy over the last 3 years. The property is in a growth location roughly 1 mile from the Wadsworth Light Rail Station. A strong draw to this deal is the assumable loan option with a 4.1% interest rate fixed through 2031. With this path, there is potential for 10% cash on cash return for an owner manager. This is a rare opportunity to buy a well-maintained property that will continue to improve over time.
Property Features
Listing Courtesy: NorthPeak Commercial Advisors, LLC - 720-738-1944
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Market statistics compiled from data from Metrolist Inc MLS - Professional (Denver).
EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112Sheryll White Broker. 303 790 7200
Office
303 790 7200
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