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$ 1,650,000
Est. payment | /mo
6,600 SqFt
$ 1,650,000
Est. payment | /mo
6,600 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $250
MLS Listing ID 5038511
HOA Y/N No
Year Built 1962
Annual Tax Amount $8,362
Tax Year 2024
Lot Size 0.345 Acres
Acres 0.35
Property Sub-Type Multi Family
Source recolorado
Property Description
Introducing CEDAR ARMS, a charming 7-unit apartment community nestled at 206 S Pierce Street in Lakewood, CO. This property, featuring 2-bedroom, 1-bath units of around 900 sqft each, offers a lucrative investment opportunity with modern amenities and recent renovations. The exterior boasts low-maintenance brick construction with a new roof, while interiors showcase updated kitchens with newer appliances, LVP flooring, and more. Residents enjoy ample closet space, a well-maintained laundry facility, and abundant parking on the premises. Conveniently located just five miles west of downtown Denver and a mile east of Belmar Redevelopment, Cedar Arms is an ideal fit for hands-on owners looking for great returns. With a solid rent schedule and a prime location near shopping districts, this property stands out as a promising prospect in Lakewood's real estate market.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Exterior Feature Balcony
Total Parking Spaces 7
Garage No
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by LREI
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Jackie Yost
Realtor | Lic# 323229