1045 Balsam St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1045 Balsam St
11 Unit Block of Flats £1,666,137 (£151,467/Unit) 6.59% Net Initial Yield Lakewood, CO 80214
INVESTMENT HIGHLIGHTS
- Above average unit sizes with 2 bathrooms in 2bedroom units
- Private balconies for each unit (some units with 2 balconies)
- Multiple laundry rooms on-site
- Already achieving pro forma rents
- Separate metered electric
- Newer roof
EXECUTIVE SUMMARY
1045 Balsam St is an 11 unit property built in 1960. The building has a great unit mix of (1) studio, (4) 1bed/1bath, and (6) unique 2bed/2bath units. The 2bathrooms make these units great for roommate scenarios where each roommate will have a private bathroom. Tenant's enjoy private balconies (some units with multiple balconies), ample parking, and being only a few blocks away from the W line light rail.
This is a perfect opportunity for an investor to come in, continue renovating units, and increase rents to improve their cashflow and add value to the property.
This is a perfect opportunity for an investor to come in, continue renovating units, and increase rents to improve their cashflow and add value to the property.
PROPERTY FACTS
| Price | £1,666,137 | Building Class | C |
| Price Per Unit | £151,467 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 8,590 SF |
| Net Initial Yield | 6.59% | Average Occupancy | 100% |
| No. Units | 11 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,666,137 |
| Price Per Unit | £151,467 |
| Sale Type | Investment |
| Net Initial Yield | 6.59% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 8,590 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.44/1,000 SF |
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+2 | 6 | - | - |
1 of 1
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 49-022-23-015 | Improvements Assessment | £54,726 |
| Land Assessment | £21,261 | Total Assessment | £75,986 |
PROPERTY TAXES
Parcel Number
49-022-23-015
Land Assessment
£21,261
Improvements Assessment
£54,726
Total Assessment
£75,986
ZONING
| Zoning Code | R-4, Lakewood |
| R-4, Lakewood |
1 of 29
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1045 Balsam St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.