1700 Kipling St Lakewood, CO 80215

Property Details for 1700 Kipling St

Lot size

3.90 lot acres

Property size

10,594 SF

Property type

Residential income homes

Description

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.