7120 W 16th Place

Lakewood, CO 80214
Beds
8
Square Ft.
2,900
$950,000
Rare investment opportunity in Lakewood’s Grand View Acres! This 1954-built brick quadplex features four 2BD/1BA units with 2 on fixed-term leases generating immediate income from day one. The vacant units are move-in ready and ideal for an owner-occupant or savvy house hacker looking to live in one unit while theRead MoreRead Less
Market LogoCourtesy of West and Main Homes Inc [email protected]
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Beds
8
Square Ft.
2,900
Lot Size
0.29 Acres
Year Built
1954
MLS Number
4082967
30 Days Snapshot Of 80214
$622k
+5%
(avg) sold price
18
+12%
homes sold
78
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Responsibility: "Public Maintained Road"
Appliances & Equipment
"Dishwasher", "Disposal", "Dryer", "Gas Water Heater", "Range Hood", "Refrigerator", "Self Cleaning Oven"
Basement
Basement, "Bath/Stubbed", "Daylight", "Exterior Entry", "Finished", "Walk-Out Access"
Building
Above Grade Finished Area: 1450, Architectural Style: "Contemporary", Below Grade Finished Area: 1400, Construction Materials: "Block", "Brick", Entry Location: Exterior Access, Levels: "Multi/Split", Living Area: 2850, Occupant Type: Tenant, Structure Type: "Quadruplex", Total Area: 2900, Unit Count: 4, Unit Types: "Array", "Array", "Array", "Array", Built in 1954
Cooling
Cooling: "None"
Disclosures
Exclusions: TENANTS PERSONAL PROPERTY
Expenses
Operating Expense Includes: "Insurance", "Real Estate Tax", "Utilities", Operating Expense: $15,078, Projected Annual Expense: $15,000
Exterior Features
Features: "Private Yard", Patio And Porch Features: "Covered", "Deck", "Front Porch"
Fence
Fencing: "Full"
Floors
Flooring: "Carpet", "Tile", "Vinyl"
Foundation
Foundation Details: "Concrete Perimeter", "Slab"
Garage
Attached Garage, 2 garage spaces
Heating
Heating: "Forced Air", "Natural Gas"
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 59039.00, Gross Income: $74,117, Projected Annual Net Income: $64,680, Projected Gross Income: $79,680
Interior Features
Features: "Laminate Counters", "No Stairs"
Laundry
Features: "Common Area", "In Basement"
Lot
Acres: 0.29, Area: 12601, Parcel Number: 052371, Square Feet: 12601
Energy Saving
Green Verification Count: 0
Owner Pays
Owner Pays: "Electricity", "Exterior Maintenance", "Gas", "Insurance", "Taxes", "Trash Collection", "Water", Ownership: Individual
Parking
Parking Total: 4, Carport Spaces: 0, Offstreet Spaces: 2, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 3, Features: "Gravel"
Property
Incorporated, Livable Structure Count: 0, Out Building Count: 0, Property Condition: "Updated/Remodeled", Property Sub Type: Quadruplex, Zoning: MGU
Roof
Roof: "Shingle"
Security Features
Features: "Carbon Monoxide Detector(s)", "Smoke Detector(s)"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 5454, Legal Description: SECTION 35 TOWNSHIP 03 RANGE 69 QTR SE SUBDIVISIONCD 294200 SUBDIVISIONNAME GRANDVIEW ACRES BLOCK 004 LOT SIZE: 12601 TRACT 009 VALUE: .289, Tax Year: 2025
Tenant Pays
Tenant Pays: "Cable TV", "Electricity", "Gas", "Internet", "Telephone"
Utilities
Power Production Count: 0, Utilities: "Cable Available", "Electricity Connected", "Internet Access (Wired)", "Natural Gas Connected", "Phone Connected", Utility Billing To Tenants: Direct Billing from Utility, Separate Bill from Owner, Utility Metering: Common Gas, Common Water, Separate Electric, Water Source: "Public"
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.