9493 W 14th Avenue

Lakewood, CO 80215 — Jefferson County

Commercial Sale  $1,652,500  Sold  MLS# 8051139

9350.00 sqft    Lot size: 13723.00 sqft    0.32 acres    1957 build   

12-14-2020 07:49am

  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.

  Listing Details

Property Type
Commercial Sale
MLS#
8051139
MLS Originator
REcolorado (Denver)
Last Updated
12-14-2020 07:49am
Status
Sold
Status Conditions
None Known
Der PSF Total
176.74
Off Market Date
10-14-2020 12:00am

  Property Details

Property Subtype
Multi-Family
Sold Price
$1,652,500
Original Price
$1,650,000
Price
$1,652,500
Location
Lakewood, CO 80215
SqFT
9350.00
Year Built
1957
Acres
0.32
Parking Count
1

  Map

  Property Level and Sizes

SqFt Lot
13723.00
Lot Size
0.32

  Financial Details

PSF Total
$176.74
Previous Year Tax
$8,896
Year Tax
2019
Primary HOA Fees
0.00

  Interior Details

  Exterior Details

Features
Garden
Water
Public

  Room Details

  Garage & Parking

Parking Spaces
1

  Exterior Construction

Roof
Composition
Construction
Brick
Exterior Features
Garden

  Land Details

PPA
5164062.50

  Schools



  Listing Media

Virtual Tour
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  Walk Score





  Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 9493 W 14th Avenue, Lakewood, CO 80215
- Property Type: Commercial Sale, - beds, - baths, 9350.00 SqFT
- Selling Price: $1,650,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$989,000 (1)
$1,320,750 (2)
$1,320,750 (2)
$1,320,750 (2)
Area 2 (1-2 miles)
$989,000 (1)
$1,320,750 (2)
$1,320,750 (2)
$1,320,750 (2)
Area 3 (2-3 miles)
$1,169,500 (2)
$1,330,500 (3)
$1,330,500 (3)
$1,330,500 (3)
Area 4 (3-5 miles)
$2,072,250 (4)
$2,289,417 (6)
$2,289,417 (6)
$2,289,417 (6)

  Contact Agent

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