Start of property details
162 S Ingalls Street
Lakewood, 80226
SOLD
$1,335,000
Sold
5,816
Sq.Ft.0.34
Acres1961
Yr. BuiltMLS# 4296342
Property Details
Discover an exceptional investment opportunity in the heart of Lakewood's North Alameda neighborhood - an 8-unit apartment building brimming with potential. Boasting a stable rent roll, this property offers a promising foundation for income generation. Yet, with strategic enhancements, higher rental yields are well within reach, promising a solid return on investment. Positioned to operate as a robust 6+ cap property at current rent levels, it presents an enticing prospect for savvy investors seeking value-add ventures.Whether you're a seasoned investor seeking a lucrative addition to your portfolio or an enterprising newcomer looking to make your mark in the real estate market, this property offers the ideal canvas for realizing your investment aspirations. Don't miss out on this chance to seize a prime value-add play in Lakewood's thriving rental market.
Property Highlights
Price
$1,350,000
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Acres
0.34
Year Built
1961
Location
County
Jefferson
Property Details
Price
$1,350,000
Property Sub Type
Multi-Family
Property Type
Commercial Sale
Building
Structure Type
Low Rise (1-3)
Total Area
5,816
Interior Features
Area and Spaces
Number of Units
8
Building Details
Construction
Year Built
1961
Materials
Construction Materials
Brick
Roof
Architecural Shingle
Terms
Commercial
Cap Rate
7.00
Terms
Contingency
None Known
Exclusions
Tenants Personal property
Financing Options
Conventional
Special Conditions
None
Special Terms
Cash, Conventional
Taxes
Tax
Tax (Annual)
$8,268
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected
Water Source
Public
Lot
Acres
0.34
Lot Features
Irrigated, Landscaped, Sprinklers In Front
Lot Size
15,000
Lot Size Area Sq Ft
15,000
Parking
Total Parking Spaces
11
Listed by Altos Realty Advisors, Inc., chrisk@goaltos.com, 720-392-5663. Sold by Altos Realty Advisors, Inc..
Listing Data last updated 10/31/2024 11:31 AM
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Property History
10 days ago
Property information last updated
63 days ago
Date Sold
133 days ago
Date of last price change
169 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 169.
Data provided by the MLS.
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Listing Data last updated: 10/31/2024 11:31 AM
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Sold by Altos Realty Advisors, Inc.
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