8201 W 14th Avenue

Lakewood, CO 80214

Incomes Property  $350,000  Sold

01-23-2017 10:25am

Great cash flowing investment opportunity on this small commercial lot with a fantastic cap rate. Or this could be a incredible development property in a great area on a corner lot. Close to light rail, great development happening all around! Zoned M-N-U (Mixed Use, Urban Neighborhood) giving lots of flexibility to what you could build! Currently 2 buildings on one lot, both are commercial leases. Retail building currently leased for $1700 through 2019. Office building leased to family insurance company, Insurance of Denver. This site also could make a great live/work situation for the right owner with a little remodeling. Zoning allows for live/work.

MLS#
3296998
MLS Originator
REcolorado (Denver)
Off Market Date
11-03-2016 12:00am
Original Price
$375,000
Distance to Bus
0.20
Distance to Rail
0.50
Nearby Attraction
Corner Lot

Property
Income
Property Subtype
Income
Status
Sold
Status Conditions
None Known
Last Update
01-23-2017 10:25am
Bedrooms
0
Bathrooms
3
SqFt
3346
Year Built
1948
Der PSF Total
104.60

SqFt Lot
13500.00
SqFt Finished
3346
SqFt Basement
933
SqFt Above
2413

Sold Price
$350,000
Previous Year Tax
$6,015
Terms and Conditions
Cash, Conventional, Exchange, Jumbo
Owner Paid Utilities
Water
Transaction Type
For Sale

Interior Features
Cable Available, Double Pane Windows, Remodeled, Security System
Flooring
Carpet, Laminate
Cooling
Air Conditioning-Central
Heating
Forced Air
Heating Fuel
Gas

Baths Full
0
Laundry Availability
None

General
Corner Lot
Features
Covered Deck, Front Porch, Sprinkler System, Yard
Base Type
Garden Level
Base Finished
Yes
Base Size
Full
Parking Spaces
1
Vehicle Spaces
22
Type
# of Space
L x W
Description
Off-Street
22
60 x 50

Building Type
Low Rise (all units)
Structure
Multi-Level
Roof
Composition Shingles
Construction
Brick
Exterior Features
Covered Deck, Front Porch, Sprinkler System, Yard
Features
Commercial Improvements,Fire Alarm,Professionally Managed
Construction Method
Frame
Builder Source
County Records

School District
Jefferson County R-1
Elementary School
Eiber
Middle School
Creighton
High School
Lakewood

Annual Actual Expenses
4200
Annual Projected Expenses
6000
Annual Actual Income
26400
Annual Projected Income
38400
Annual Actual Net Income
22200
Annual Projected Net Income
32400
Unit Furnished
0

PPA
11290.32
Lot Width
135.00

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Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 8201 W 14th Avenue, Lakewood, CO 80214
- Property Type: Incomes Property, - beds, 3 baths, 3346 SqFT
- Sold Price: $350,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$0 (0)
$0 (0)
$350,000 (1)
$350,000 (1)
Area 2 (1-2 miles)
$0 (0)
$0 (0)
$280,500 (2)
$280,500 (2)
Area 3 (2-3 miles)
$653,000 (1)
$543,250 (4)
$455,667 (6)
$455,667 (6)
Area 4 (3-5 miles)
$559,333 (3)
$533,000 (6)
$466,990 (10)
$476,546 (13)

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