Lakewood, CO 80214,1650 Vance ST
Lakewood, CO 80214,1650 Vance ST
Lakewood, CO 80214,1650 Vance ST
Lakewood, CO 80214,1650 Vance ST
Lakewood, CO 80214,1650 Vance ST
Lakewood, CO 80214,1650 Vance ST
See all 13 photos

$2,300,000

$2,350,000

2.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

0.64 Acres Lot


SOLD DATE : 09/29/2023

Key Details

Sold Price $2,300,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 7150469

Sold Date 09/29/23

HOA Y/N No

Originating Board recolorado

Year Built 1952

Annual Tax Amount $10,301

Tax Year 2021

Lot Size 0.640 Acres

Acres 0.64

Property Description

• Very Attractive Financing: 3.22% Assumable Loan Fixed Through May 1, 2026
• 6.28% Current CAP Rate
• Multiple Income Sources: (3) Adjacent 4-Plexes + (10) Garages + Large Workshop
• Potential Covered-Land Play: Excellent Zoning (R-MF) on 0.64 Acres Allows for a 48 Unit Apartment Redevelopment
• Opportunity to Split Property Into (3) 4-Plexes & Sell Off Individual 4-Plexes
• Many Recent Capital Improvements Including New: Windows, Electrical Panels, Exterior Paint & Numerous Interior Updates
• City Mandated Residential Growth Restrictions Will Rapidly Increase Rents & Values in Lakewood
• Proforma Rents Already Being Achieved
• Short Walk to Wadsworth Light Rail Station, Large Retail, Restaurants and Employment Centers

Location

State CO

County Jefferson

Interior

Fireplace N

Exterior

Garage Spaces 10.0

Roof Type Membrane

Total Parking Spaces 10

Garage No

Building

Lot Description Landscaped, Near Public Transit

Story 2

Sewer Public Sewer

Structure Type Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


REColorado (REColorado MLS)
Listed by Pinnacle Real Estate Advisors
Bought with Pinnacle Real Estate Advisors

GET MORE INFORMATION

Matt Thomas

Consultant | Broker Associate | FA100030130

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.