5365 W 3rd Place, Lakewood, CO 80226
- $768,250
- 8
- BD
- 4
- BA
- 2,988
- SqFt
Courtesy of Mavi Unlimited Inc . mike@maviunlimited.com,720-771-8061
Selling Office: Coldwell Banker Realty 24.- Sold Price
- $768,250
- List Price
- $795,000
- Closing Date
- Sep 24, 2025
- Type
- Multifamily
- Status
- CLOSED
- MLS Number
- 6282231
- Finished Sqft
- 2,988
- Above Grade Sqft
- 2988
- Total Sqft
- 2988
- Subdivision
- North Alameda
- Sub-Area
- North Alameda
- Year Built
- 1961
Property Description
Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision. Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location. When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
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Additional Information
- School District
- Jefferson County R-1
- Elementary School
- Deane
- Middle School
- Alameda Int'l
- High School
- Alameda Int'l
- Parking Features
- Asphalt
- Taxes
- $4,624
- Tax Year
- 2024
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