11090 W Colfax Avenue

Lakewood, CO 80215
Square Ft.
12,430
$3,400,000
11090–11100 W. Colfax Avenue is an incredible opportunity for investors to purchase a fully renovated, fully furnished apartment community generating significant returns. Priced above a 10 cap, the property offers tenants short, medium., and longer term rentals that offer flexibility while maximizing cash flow to ownership. Each unitRead MoreRead Less
Market LogoCourtesy of NorthPeak Commercial Advisors, LLC [email protected]
Listing Snapshot
Days Online
3
Last Updated
Property Type
Multi Family
Square Ft.
12,430
Lot Size
1.46 Acres
Year Built
1950
MLS Number
9703637
30 Days Snapshot Of 80215
$704k
-8%
(avg) sold price
17
-41%
homes sold
64
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Class: Class C, Construction Materials: "Brick", Effective Year Built: 2020, Features: "Coin Laundry", "Concierge/Staffed Front Desk", "Laundry", "On Site Management", "Wi-Fi", Occupant Type: Tenant, Stories: 1, Structure Type: "Low Rise (1-3)", Total Area: 12430, Unit Count: 3, Unit Types: "Array", "Array", "Array", Units Furnished Total: 25, Built in 1950, 25 total units
Disclosures
Exclusions: NONE KNOWN. WOULD BE INCLUDED AS EXCLUSION BY SELLER IN PURCHASE CONTRACT, IF ANY.
Expenses
Operating Expense Includes: "Accounting", "Advertising", "Cable TV", "Insurance", "Internet", "Maintenance", "Personal Property Tax", "Professional Management", "Real Estate Tax", "Utilities", Projected Annual Expense: $167,397
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
Gross Income: $480,600, Projected Annual Net Income: $349,173, Projected Gross Income: $516,570
Lot
Acres: 1.46, Area: 63511, Parcel Number: 056724, Square Feet: 63511
Energy Saving
Green Verification Count: 0
Owner Pays
Owner Pays: "Cable TV", "Electricity", "Gas", "Internet", "Taxes", "Trash Collection", "Water"
Parking
Parking Total: 40, Carport Spaces: 0, Offstreet Spaces: 40, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Current Use: "Multi-Family", Property Sub Type: Multi Family, Zoning: M-G-S
Roof
Roof: "Composition"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 6378, Legal Description: SECTION 04 TOWNSHIP 04 RANGE 69 QTR NW SUBDIVISIONCD 283200 SUBDIVISIONNAME GOLDEN ACRES BLOCK 002 LOT SIZE: 31221 TRACT 00A VALUE: .717, Tax Year: 2024
Utilities
Power Production Count: 0, Utilities: "Cable Available", "Electricity Available", "Electricity Connected", Water Included, Water Source: "Public"
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Sarah Manshel
Team Leader / Realtor
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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.