1045 Balsam Street

Lakewood, CO 80214
Square Ft.
9,950
$1,800,000
Excellent value add opportunity through interior and exterior renovations. Property is located in a rapidly evolving neighborhood in Lakewood, with easy access to Highway 6, I-70 and public transportation. This distinguished multi-family property at 1045 Balsam Street in Lakewood, Colorado, presents an exceptional investment opportunity in a burgeoningRead MoreRead Less
Market LogoCourtesy of Velocity Real Estate Advisors LLC [email protected]
Listing Snapshot
Days Online
29
Last Updated
Property Type
Multi Family
Square Ft.
9,950
Year Built
1960
MLS Number
4570185
30 Days Snapshot Of 80214
$590k
+12%
(avg) sold price
16
+166%
homes sold
74
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Public", Road Surface Type: "Dirt", "Gravel", "Paved"
Building
Architectural Style: "Traditional", Building Class: Class C, Construction Materials: "Block", Effective Year Built: 1960, Occupant Type: Tenant, Structure Type: "Low Rise (1-3)", Total Area: 9950, Unit Count: 3, Unit Types: "Array", "Array", "Array", Built in 1960, 11 total units
Expenses
Operating Expense Includes: "Insurance", "Maintenance", "Professional Management", "Real Estate Tax", "Utilities", Operating Expense: $67,381, Projected Annual Expense: $70,888
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 95202.00, Gross Income: $162,583, Projected Annual Net Income: $101,523, Projected Gross Income: $172,411
Lot
Area: 19950, Features: "Landscaped", "Near Public Transit", Parcel Number: 052032
Energy Saving
Green Verification Count: 0
Parking
Parking Total: 0, Carport Spaces: 0, Offstreet Spaces: 0, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Current Use: "Multi-Family", Property Sub Type: Multi Family
Roof
Roof: "Membrane"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 8661, Legal Description: SECTION 02 TOWNSHIP 04 RANGE 69 QTR NW SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT 0009 SIZE: 3125 TRACT VALUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT SIZE: 1200 TRACT 0AD VALU E: .028 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT 0010 SIZE: 3125 TRACT VALUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT 0011 SIZE: 3125 TRACT VA LUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT 0012 SIZE: 3125 TRACT VALUE: .072 SECTION 02 TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 442600 SUBDIVISIONNAME LAKEWOOD BLOCK 092 LOT 0013 SIZE:, Tax Year: 2024
Tenant Pays
Tenant Count: 0
Utilities
Power Production Count: 0, Water Included, Water Source: "Public"
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.