5365 W 3rd Place, Lakewood, CO 80226 (MLS # 6282231)
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Amazing investment opportunity, already performing at a 7% cap rate with current figures! Can be renovated and upgraded to allow for even better returns with higher rents. Current rents of about $1500 are just average for the neighborhood, so there is lots of room for upward improvement with the right vision. Would also be perfect someone looking to owner occupy 1 unit and rent out the other 3, and should qualify for FHA financing with this strategy. Each apartment has a washer/dryer in unit, and is metered separately for gas and electric, with 4 individual furnaces. Neighborhood provides quick access to Hwy 6, and then west to Golden or east to Denver. Perfect middle Lakewood location. When fully occupied, this should cash flow monthly assuming a 25% down mortgage. A rare find!
| DAYS ON MARKET | 22 | LAST UPDATED | 7/9/2025 |
|---|---|---|---|
| TRACT | North Alameda | YEAR BUILT | 1961 |
| COUNTY | Jefferson | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Deane |
|---|---|
| Jr. High School | Alameda Int'l |
| High School | Alameda Int'l |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Oven, Refrigerator, Washer |
| CONSTRUCTION | Block, Brick, Concrete, Frame |
| EXTERIOR | Balcony, Private Yard |
| HEAT | Forced Air |
| PARKING | Asphalt |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | North Alameda |
| TAXES | 4624 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Michael Hoover, Mavi Unlimited Inc
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