1650 Vance ST Under Contract Save Request In-Person Tour Request Virtual Tour
Lakewood,CO 80214
Key Details
Property Type Other Types
Sub Type MultiFamily
Listing Status Under Contract
Purchase Type For Sale
Square Footage 6,336 sqft
Price per Sqft $370
MLS Listing ID 7150469
Year Built 1952
Annual Tax Amount $10,301
Tax Year 2021
Contingent None Known
Lot Size 0.640 Acres
Acres 0.64
Property Sub-Type MultiFamily
Property Description
Very Attractive Financing: 3.22% Assumable Loan Fixed Through May 1, 2026 Multiple Income Sources: (3) Adjacent 4-Plexes + (10) Garages + Large Workshop Potential Covered-Land Play: Excellent Zoning (R-MF) on 0.64 Acres Allows for a 48 Unit Apartment Redevelopment Opportunity to Split Property Into (3) 4-Plexes & Sell Off Individual 4-Plexes Many Recent Capital Improvements Including New: Windows, Electrical Panels, Exterior Paint & Numerous Interior Updates 6.08% Current CAP Rate City Mandated Residential Growth Restrictions Will Rapidly Increase Rents & Values in Lakewood Proforma Rents Already Being Achieved Short Walk to Wadsworth Light Rail Station, Large Retail, Restaurants and Employment Centers
Location
State CO
County Jefferson
Exterior
Garage Spaces 10.0
Roof Type Membrane
Present Use MultiFamily
Street Surface Paved
Road Frontage PublicRoad
Attached Garage false
Total Parking Spaces 10
Garage true
Building
Lot Description Landscaped,NearPublicTransit
Story 2
Sewer PublicSewer
Architectural Style MidRise
Level or Stories Two
Structure Type Frame
New Construction No
Others
Tax ID 050515
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None