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    1700 Kipling St Lakewood, CO 80215

    For Sale
    $5,000,000

    8-Unit Portfolio, High Potential

    Property size:
    10,594 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a portfolio of eight properties situated on a substantial 3.9-acre lot in Lakewood, Colorado. The portfolio comprises seven single-family homes and one commercial office building, offering diverse income streams and significant redevelopment potential. The properties, constructed between 1933 and 1954, boast a combined square footage of 10,594. Located at various addresses along Kipling Street and Jellison Street, and 17th Avenue, in the 80215 zip code, this portfolio is ideally positioned within Jefferson County. The asking price is $5,000,000, representing a price per unit of $625,000 and a price per square foot of $471.97. Investors can capitalize on the existing rental income or pursue a value-add strategy through renovations and repositioning of the existing structures. Alternatively, the expansive lot size presents a compelling opportunity for future multifamily development, leveraging the strong growth trajectory of the Lakewood real estate market. This property offers a unique blend of immediate income generation and long-term appreciation potential, making it an attractive investment for discerning buyers seeking substantial returns. The diverse revenue streams and significant land area provide flexibility for various investment strategies, catering to a wide range of investor profiles. This is a rare chance to acquire a substantial multifamily portfolio in a thriving Colorado market.

    Property Features for 1700 Kipling St

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,594 SF
    Lot Size
    169,884 SF

    Building Details

    Units
    8

    HighLights

    • $5,000,000 asking price for an 8‑unit multifamily portfolio.
    • 10,594 square feet total building area.
    • $471.97 price per square foot.
    • 8 individual units, including 7 single‑family homes and 1 commercial office building.
    • 3.9‑acre lot size.
    • $625,000 price per unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    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
    -105.10967248479
    Latitude
    39.74410841299

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Portfolio, High Potential
    Where is this multifamily property located?
    The property is located at 1700 Kipling St Lakewood, CO.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 asking price for an 8-unit multifamily portfolio.; 10,594 square feet total building area.; $471.97 price per square foot.
    Request Owner's contact information
    1700 Kipling St Lakewood, CO 80215
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    Lakewood, CO 80215
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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
    1700 Kipling St Lakewood, CO 80215
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