1045 Balsam St, Unit Lakewood Denver, CO 80214
11-unit multifamily property in Lakewood, Colorado with value-add potential.
Property size:
8,590 SFLot size:
0.46 AcresProperty Features for 1045 Balsam St
General Information
- Standard status
- Active
- Size
- 8,590 SF
- Lot size
- 0.46 Acres
Building Details
- Year built
- 1960
Source:
Corcoran
Listing Agent: Philip Dankner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lakewood Multifamily Investment Opportunity
Located in Lakewood, Colorado, the multifamily property at 1045 Balsam Street features 11 units, presenting a value-add opportunity for investors. The unit mix includes one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, catering to a range of tenants in a sought-after rental market. The property offers upside potential through interior and exterior renovations and rental increases. Current rents are below market value, and unit updates can enhance income and asset value. Its location provides convenient access to major roadways and public transportation. This property is a multifamily asset with potential for increased cash flow and long-term appreciation. With strong rental demand in the area and the opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling investment.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.0887544
- Latitude
- 39.7339096
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FAQs
What type of property is this?
Apartment building - 11-unit multifamily property in Lakewood, Colorado with value-add potential.
Where is this apartment building located?
The property is located at 1045 Balsam St, Unit Lakewood Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: - Value-add opportunity through interior/exterior renovations and rental increases.; - Located in the highly sought-after Lakewood rental market.; - Diverse unit mix: studio, one-bedroom, and two-bedroom units.