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    6160 17Th Ave Lakewood, CO 80214

    Sponsored
    For Sale
    $1,750,000

    Prime Lakewood location, fully renovated, strong rental income.

    Property size:
    4,304 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 5-unit multifamily property at 6160 W 17th Avenue in Lakewood, Colorado presents a compelling investment opportunity. The 4,304 square foot building boasts a prime location near the Edgewater Public Market, Sloan's Lake, and the Sheridan Light Rail Station, ensuring high occupancy rates and strong rental demand. Completely renovated in 2017, each of the five units features modern upgrades and sleek finishes. New kitchens include stainless steel appliances and quartz countertops, complemented by updated bathrooms, flooring, lighting, and paint. All units also benefit from new windows, updated electrical panels, and the addition of air conditioning. The building itself is a sturdy all-brick townhouse-style structure. A new roof was installed in 2024, ensuring long-term structural integrity. Three of the interior units are bi-level and currently occupied by long-term tenants. The two end units are ranch-style and fully furnished, included in the sale price, with mid-term leases in place, generating above-market rental income. The property's strategic location and recent renovations create a turnkey asset with significant potential for immediate cash flow. Furthermore, the possibility of subdividing and selling the units individually presents a potentially lucrative exit strategy for the discerning investor. This property is listed at $1,750,000.

    Property Features for 6160 17Th Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    4,304 SF

    Building Details

    Year Built
    1959
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.0647
    Latitude
    39.74374

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    FAQs

    What type of property is this?
    Residential income property - Prime Lakewood location, fully renovated, strong rental income.
    Where is this residential income property located?
    The property is located at 6160 17Th Ave Lakewood, CO.
    What is the asking price?
    The asking price for this property is $1,750,000.
    (720) 495-2412
    Request Owner's contact information
    6160 17Th Ave Lakewood, CO 80214
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    Lakewood, CO 80214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6160 17Th Ave Lakewood, CO 80214
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