7120 W 16 Place

Lakewood, CO 80214 — Jefferson County

Income Property  $800,000  Sold  MLS# 5204961

8 beds    4 baths    2900.00 sqft    Lot size: 12601.00 sqft    $298.25/sqft    0.29 acres    1954 build   

12-15-2020 06:45pm

  Property Description

BACK ON THE MARKET!! FANTASTIC OPPORTUNITY - FOUR PLEX FOR SALE JUST SET BACK AND COLLECT THE RENTAL INCOME, ALL THE UPGRADES ARE COMPLETE.Two units have Section 8 tenants in place, The Housing Authority deposits the rents in your account monthly (HOUSING AUTHORITY PORTION ONLY) COLLECT BALCNCE OF THE RENT FROM THE SECTION 8 TENANTSAll units remodeled in 2016, all units have identical Hickory Kitchen cabinets with stainless steel appliances, tiled kitchen backsplashes and flooring, Onyx Shower Surround kits (lifetime warranty from manufacturer) furnace and water heaters replaced in 2015. New roof in 2017, egress windows in the two garden units, (2) one car garages, fenced yards. Owner owns the Coin Operated Washer and Dryer in Laundry room and is included in the sale.The Section 8 tenant in 7120A has been there since Jan 2016, and the Section 8 tenant in 7130A has been there since Aug 2019. 7120B is currently vacant and being listed to rent for $1250 per month. 7130B tenant has been there since November 2018 and is currently month to month with no plans on leaving.7120A W 16TH PL - HOUSING AUTHORITY PAYS $839.00 TENANT PAYS $611.00 - LANDLORD PAYS 1/2 GAS BILL7130A W 16TH PL - HOUSING AUTHORITY PAYS $1333.00 TENANT PAYS $127.00 - LANDLORD PAYS 1/2 GAS BILLLandlord pays for 1/2 the gas bill for the Section 8 tenants in 7120A and 7130A. Landlord also pays for Water, Sewer, and Trash.The Listing Broker is the Owner. This will be a 1031 PROPERTY EXCHANGE.

  Listing Details

Property Type
Income Property
MLS#
5204961
MLS Originator
REcolorado (Denver)
Last Updated
12-15-2020 06:45pm
Status
Sold
Status Conditions
None Known
Der PSF Total
275.86
Off Market Date
11-01-2020 12:00am

  Property Details

Property Subtype
Quadplex
Sold Price
$800,000
Original Price
$850,000
List Price
$800,000
Location
Lakewood, CO 80214
SqFT
2900.00
Year Built
1954
Acres
0.29
Bedrooms
8
Bathrooms
4
Parking Count
2

  Property Units Details

#
Unit Type
SqFt
Rent
Total #Units
Beds
Baths
Air cond
Dish wash
Dryer
Fire place
Hook ups
Parking
Refrig.
Storage Units
Stove
Washer
1
2 Bedroom
725.00
1450.00
1
2
1
0
1
0
0
0
2
1
0
1
0
2
2 Bedroom
700.00
1100.00
1
2
1
0
1
0
0
0
2
1
0
1
0
3
2 Bedroom
725.00
1460.00
1
2
1
0
1
0
0
0
2
1
0
1
0
4
2 Bedroom
700.00
1100.00
1
2
2
0
1
0
0
0
2
1
0
1
0

  Map

  Property Level and Sizes

SqFt Lot
12601.00
Lot Size
0.29
Base Ceiling Height
8

  Financial Details

PSF Total
$275.86
PSF Finished All
$298.25
PSF Finished
$280.70
PSF Above Grade
$551.72
Previous Year Tax
$2,662
Year Tax
2018
Is this property managed by an HOA?
Primary HOA Amenities
Coin Laundry
Primary HOA Fees
0.00

  Interior Details

Interior Features
Laminate Counters
Flooring
Carpet, Tile
Cooling
None
Heating
Forced Air, Natural Gas
Utilities
Cable Available

  Exterior Details

  Room Details

  Garage & Parking

Parking Spaces
2
Parking Features
Driveway-Gravel
Type
# of Spaces
L x W
Description
Garage (Attached)
1
-
Garage (Attached)
1
-

  Exterior Construction

Roof
Architectural Shingles
Construction
Block, Brick
Architectural Style
Contemporary
Builder Source
Public Records

  Land Details

PPA
2758620.69

  Schools

Elementary School
Lumberg
Middle School
Jefferson
High School
Jefferson



  Walk Score





  Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 7120 W 16 Place, Lakewood, CO 80214
- Property Type: Income Property, 8 beds, 4 baths, 2900.00 SqFT
- Selling Price: $800,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$800,000 (1)
$800,000 (1)
$800,000 (1)
$800,000 (1)
Area 2 (1-2 miles)
$800,000 (1)
$800,000 (1)
$800,000 (1)
$800,000 (1)
Area 3 (2-3 miles)
$777,500 (2)
$777,500 (2)
$777,500 (2)
$777,500 (2)
Area 4 (3-5 miles)
$818,333 (3)
$818,333 (3)
$818,333 (3)
$818,333 (3)

  Contact Agent

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