Pamela Colesworthy - Coldwell Banker Distinctive Properties
289 S Hoyt Street
Lakewood, CO 80226

Description

* Very unique student housing investment opportunity offering one building containing four (4) individual condo units built in 1981. Each condo has 3 bedrooms and 1 3/4 baths. * Colorado Christian University (CCU) is located approximately three (3) blocks to the east of the subject property and currently has a master lease on all of the four (4) units. The current Lease expires on June 30, 2018. * CCU is responsible for all the utilities, insurance, snow and trash removal, interior and exterior lighting, janitorial, minor plumbing repairs, furnace and a/c filter replacement, broken glass (not covered by insurance), annual carpet cleaning and annual preventative maintenance of the boilers, water heaters and a/c. * Owner is responsible for the Real Estate Taxes (2016: $4,867.78), HOA dues $100 per month and repairs over $2,500 per occurrence. * Current rental income is $5,200/per month for all four (4) units. * Great opportunity for a turn key investment.

Details

MLS#9565589
StyleIndustrial
Sub-TypeResale
StatusActive
Year1981
Days On Site273

Features

SQ Feet5,766
Story(s)1
Units4
ZoningM-R-S
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Area Information

StateCO
CountyJefferson
CityLakewood
Zip Code80226
AreaJefferson
Listing VS Median (in 80226)
Price:
$975,000
low | high
Med:
$422,450
100% of Average
SqFt:
5,766
low | high
Med:
2,369
100% of Average
$ / SqFt:
$169
low | high
Med:
$187
39.55235751583% of Average
On Site:
273
low | high
Med:
14
100% of Average
Listing Updated: 08/19/2018
MLS Number: 9565589
Listing Provided By:
John Fairbairn  of  FAIRBAIRN COMMERCIAL INC
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