1685 Teller 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!
1685 Teller St
4 Unit Block of Flats £622,048 (£155,512/Unit) 6.47% Net Initial Yield Lakewood, CO 80214
Investment Highlights
- Recent Improvements Include Newer: Roofs, Furnaces, Sewer Line, Windows, & Interior Updates
- Priced Well Below Comparable Properties
- Two Car Garage Can Provide Additional Income
- 6.47% Current CAP Rate!
- All Units Have In-Unit Washer/Dryer
- Only 1/2 mile to Light Rail Station
Executive Summary
1685 Teller Street is a recently renovated 4-unit investment property located in the desirable Lakewood area. Ideally situated just half a mile from the Lamar Light Rail Station, this property offers convenient access to public transportation and is surrounded by major retail centers, including Walmart, Edgewater Market, and the iconic Casa Bonita. Each unit has been thoughtfully updated and features in-unit washers and dryers, with separate gas and electric meters for easy management. The two-car garage and expansive 0.7-acre lot provide additional income potential and future redevelopment opportunities. This property presents a great combination of stable cash flow and long-term value in a prime location.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£57,463
|
£18.52
|
| Other Income |
£1,566
|
£0.50
|
| Vacancy Loss |
£2,951
|
£0.95
|
| Effective Gross Income |
£56,077
|
£18.08
|
| Taxes |
£4,379
|
£1.41
|
| Operating Expenses |
£11,447
|
£3.69
|
| Total Expenses |
£15,827
|
£5.10
|
| Net Operating Income |
£40,251
|
£12.98
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £57,463 |
| Annual Per SF | £18.52 |
| Other Income | |
|---|---|
| Annual | £1,566 |
| Annual Per SF | £0.50 |
| Vacancy Loss | |
|---|---|
| Annual | £2,951 |
| Annual Per SF | £0.95 |
| Effective Gross Income | |
|---|---|
| Annual | £56,077 |
| Annual Per SF | £18.08 |
| Taxes | |
|---|---|
| Annual | £4,379 |
| Annual Per SF | £1.41 |
| Operating Expenses | |
|---|---|
| Annual | £11,447 |
| Annual Per SF | £3.69 |
| Total Expenses | |
|---|---|
| Annual | £15,827 |
| Annual Per SF | £5.10 |
| Net Operating Income | |
|---|---|
| Annual | £40,251 |
| Annual Per SF | £12.98 |
Property Facts
| Price | £622,048 | Apartment Style | Low Rise |
| Price Per Unit | £155,512 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Net Initial Yield | 6.47% | Building Size | 3,102 SF |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1932/2024 |
| Property Subtype | Apartment |
| Price | £622,048 |
| Price Per Unit | £155,512 |
| Sale Type | Investment |
| Net Initial Yield | 6.47% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 3,102 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1932/2024 |
Unit Amenities
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wi-Fi
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | £1,161 | 700 |
| 2+1 | 2 | £1,269 | 850 |
1 of 1
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (81)
zoning
| Zoning Code | R-MF |
| R-MF |
-
Josh Newell -
Jake Waxter -
Pinnacle Real Estate Advisors
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1685 Teller 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.