commercial/multi-family investment€¦ · income: $158,595 cap rate: 6.31% total income: $163,500...
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LAND office iNDustriAL retAiL iNvestmeNts
West 26th Avenue, Lakewood, Colorado
®
www.fullerre.com
COMMERCIAL/MULTI-FAMILY INVESTMENT
©2019 Fuller Real Estate. All Rights Reserved. Price, terms and availability subject to change without notice.
Fuller Real Estate(303) 534-4822
Mike Haley720.287.5408 direct
720.309.3413 mobilemHaley@fullerre.com
10220-30 W. 26th Ave, Lakewood 10210 W. 26th Ave, Lakewood
FOR SALE: $1,250,000
COMMERCIAL/RESIDENTIAL INVESTMENT
FOR SALE: $1,750,000
APARTMENT/COMMERCIAL INVESTMENT
N
W. 26th Avenue
SITE PLAN
This site plan is a visual representation only and should not be considered accurate.
Building 18,631± SF
Building 2877± SF
DETACHED HOUSE
RESIDENTIALUNIT
COMMCERCIAL AND APARTMENTS
N
W. 26th Avenue
Building 21,778± SF
Building 15,980± SF
SITE PLAN
This site plan is a visual representation only and should not be considered accurate.
EVENT CENTER
COMMERCIALUNIT
APARTMENTS
APARTMENTS
LAND office iNDustriAL retAiL iNvestmeNts®
www.fullerre.com 5300 Dtc Pkwy, #100 | Greenwood village | co |80111 | fAX: 303-534-9021
Although from sources deemed reliable, Fuller Real Estate does not warrant the enclosed information and suggests that all facts and figures be independently verified.
10220-30 W. 26th Ave, Lakewood
DEMOGRAPHICS (CoStar 2019)
1 Mile 3 Mile 5 MilePopulation: 11,311 98,425 304,204Households: 5,058 43,692 128,874Median Income: $65,747 $55,410 $59,628Employees: 2,941 72,392 156,955Businesses: 422 7,335 16,017
Traffic Counts: (CoStar 2018) Kipling St @ W. 26th ; 36,413 vpd
10210 W. 26th Ave, Lakewood
Paramount S.C.
LAND office iNDustriAL retAiL iNvestmeNts Fuller Real Estate(303) 534-4822
10220-30 W. 26th Ave. 10210 W. 26th Ave.
FOR SALE: $1,750,000
Building Size: 1- 5,980 SF 2- 1,728 SF; 7,708± Total SF
Zoning: M-S-N City of Lakewood
Parking: 28 Spaces
YOC: 1973; Renovated 2017
Land Size: 22,215 SF
Vacancy Factor: ($ 4,905) - 3% Gross Operating Income: $158,595
CAP Rate: 6.31%
Total Income: $163,500
2019 Budgeted Expenses: ($ 48,204)
$110,391 Net Operating Income:
• 10 Completely Renovated apartment units• 100% Leased• New Range, Refrigerator and stackable Washer/Dryer in each apartment unit• Diverse income stream with 2 commercial units• Plentiful surface parking• Private enclosed back patio for each unit• Apartment building has new roof, new HVAC and a new water booster pump• Each unit is separately metered for electric utilities• The adjacent property, located at 10220-30 W. 26th Ave., Commercial/Residential Income Property 1.07 acres; may also be purchased at $1,250,000 Contact Listing Agent - Mike Haley
Investment Highlights:
FOR SALE: $1,250,000
Building Size: 1- 8,631 SF 2- 877 SF; 9,508± Total SF
Parking: 30 spaces
YOC: 1940, 1955 & 1965; Renovated 2017 (excl. houses)
Land Size: 1.07 Acres
Zoning: M-S-N City of Lakewood
Vacancy Factor: ($ 4,232) - 3% Gross Operating Income: $136,828
CAP Rate: 7.15%
Total Income: $141,060
2019 Budgeted Expenses: ($ 47,407)
$89,421 Net Operating Income:
• Diverse income stream with residential and commercial tenants• Large lot with expansion possibilities • Commercial building has new roof and HVAC• Property includes; commercial, apartments and residential units - 3 apartments and 2 houses (one attached, one detached)• The adjacent property, located at 10210 W. 26th Ave., Apartment/Commercial Income Property; may also be purchased at $1,750,000 Contact Listing Agent - Mike Haley
Investment Highlights:
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