$950,000    ♡   Lakewood, CO 80214 5 bed 3 bath 2,982 SqFt ($318/SqFt) Built 2000 Listed 2024-04-12, Taxes $3,240 | Ⓧ USDA Ineligible due to price & location near Lakewood |
This Lakewood property is a prime opportunity for both house hackers and investors in a diverse
Rapidly evolving neighborhood between the mountains and Denver. Currently a duplex with potential for conversion to a triplex, it's zoned for multifamily use (R3), promising increased cash flow. With 3, 400 sq ft, it generates $6, 000 cash flow, poised to rise post-conversion. The location offers easy access to outdoor activities and urban amenities, including nearby Belmar. Timing is ideal as a triplex expansion will provide immediate occupancy for two units. Infrastructure for conversion is in place, with private entrances already designed. The property features sub-metering for utilities, ensuring fair management practices. The lower unit features upgraded fireproofed ceilings and professional soundproofing, prioritizing tenant comfort and safety. The upper unit boasts attractive features like a vast kitchen, jacuzzi tub and screened-in porch. Private parking is available off the alley for this unit, while ample off-street parking is provided for others. Each unit operates independently with its utilities and appliances, adhering to fair housing guidelines. Open houses will be conducted transparently and the owner, also an investor, is committed to fair practices throughout the transition process. Competitively priced in the Denver market, this property offers a unique opportunity for investors to achieve immediate returns and long-term growth. Garage space has been converted to its own stand alone spac but is currently being bundled with the downstairs unit. Don't miss out on this opportunity!
Each un it has tenants and so home can 2 units can be shown.
Presented by Lynn Eckell at
Guide Real Estate.
Property MLS #5888459 from REcolorado
Full Bathrooms: 3
Heating Features: Forced Air
Parking Total: 9
Elementary School District: Jefferson County R-1
High School: Lakewood
High School District: Jefferson County R-1
Middle School: Creighton
Middle or Junior School District: Jefferson County R-1
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Jefferson
Directions: GPS
Tax Year: 2023
Source Property Type: Residential Income
Exclusions: No exclusions
Source Neighborhood: lakewood lt line adj #1
Parcel Number: 428752
Subdivision: lakewood lt line adj #1
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $27,327 + $7,797 $35,124 | $3,240 |
| 2021 | $28,114 + $8,021 $36,135 | $3,286 |
| 2020 | $26,185 + $6,802 $32,987 | $2,987 |
| 2019 | $26,185 + $6,802 $32,987 | $2,948 |
| 2018 | $22,181 + $5,880 $28,061 | $2,593 |
| 2017 | $22,181 + $5,880 $28,061 | $2,279 |
| 2016 | $21,357 + $4,629 $25,986 | $2,262 |
| 2015 | $21,357 + $4,629 $25,986 | $2,283 |
| 2014 | $15,124 + $4,295 $19,419 | $1,845 |
| 2013 | $15,124 + $4,295 $19,419 | $1,849 |
| 2011 | $15,809 + $4,330 $20,139 | $1,856 |
| 2009 | $15,809 + $4,330 $20,139 | $2,226 |
| 2008 | $18,750 + $5,600 $24,350 | $1,764 |
| 2007 | $13,650 + $5,600 $19,250 | $1,760 |
| 2006 | $17,350 + $5,650 $23,000 | $2,122 |
$950,000
REcolorado
Sold 2023-02-15
$600,000
REcolorado
Listing removed 2022-06-22
$0
REcolorado
Listed 2022-06-07
$699,000
REcolorado
Listing removed 2018-03-02
$0
REcolorado
Listed 2018-02-14
$459,000
REcolorado
Sold 2014-08-28
$278,000
Public Record
Sold 2000-08-11
$225,000
Public Record
Year Built: 2000
Above Grade Finished Area: 1491
Below Grade Unfinished Area: 1491.00
Common Walls: 1 Common Wall
Construction Materials: Wood Siding
Levels: One
Property Age: 24
Property Attached: Yes
Property Condition: Updated/Remodeled
Roof: Composition
Structure Type: Duplex
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.