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120 Jay St, Lakewood, CO 80226
21 Beds
7 Baths
6,156 sqft

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7% cap rate! Updated 7 unit apartment building in Lakewood, just 15 minutes away from Downtown Denver and a straight shot into the mountains going West on Highway 6. . Consist of seven 3-bedroom apartments on a large, well-maintained lot. Plus a large laundry/mechanical room that includes 7 storage units for additional income. This space could also be a potential 8th unit! All units have been updated. Strong leases are in place. Great location: Just minutes away from the Light Rail - Denver West Line. Close to great retail stores such as Walmart, Home Depot and the shops at Belmar which include Whole Foods and the Lakewood City Commons. The Lakewood Reinvestment Authority is the major economic force in the Lakewood area and has encouraged a combination of gentrification and new construction which is occurring within this defined neighborhood.
  • Price:
  • $1,350,000
  • Bedrooms:
  • 21
  • Square Footage:
  • 6,156
  • Acreage:
  • 0.32
  • Year Built:
  • 1958
  • Listing ID #:
  • 3790218
  • Street Address:
  • 120 Jay St
  • City:
  • Lakewood
  • State:
  • Colorado
  • Postal Code:
  • 80226
  • County:
  • Jefferson
  • Subdivision:
  • North Alameda
  • Listing Status:
  • Active
  • Basement Square Footage:
  • 3078
  • Basement Type:
  • Walk-Out
  • Dwelling Type:
  • 5+ Plex (all Units)
  • Finished Above Ground Square Footage:
  • 3078
  • Finished Basement:
  • 1
  • Finished Square Feet:
  • 6156
  • Number Of Units:
  • 7
  • Percentage Of Basement Finished:
  • 100
  • Siding:
  • Brick
  • Style:
  • Ranch/1 Story
  • Total Building Square Footage:
  • 6156
  • Type Of Roof:
  • Composition Shingles
  • Unit Features:
  • Storage Locker
  • Year Built:
  • 1958
  • Annual Electric Expenses:
  • 3987
  • Annual Insurance Expenses:
  • 4812
  • Annual Maintenance Expenses:
  • 8400
  • Conforms To Zoning:
  • Mrs / Apartment Low Rise
  • Lot Square Footage:
  • 14000.00
  • Financing Options:
  • Cash, Conventional, Exchange, Private Financing
  • For Sale Or Lease?:
  • For Sale
  • Property Taxes:
  • $4,446
  • Tax Year:
  • 2017
  • Laundry:
  • Basement
  • Parking Spaces:
  • 13
  • Cooling System:
  • Air Conditioning-Room
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Hot Water
  • Laundry:
  • Coin-Operated, Shared Laundry In Building, Washer/Dryer Included
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Keller Williams Realty Downtown LLC
  • MLIST
  • Schools information provided by ATTOM

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