1360 Zephyr St Lakewood, CO 80214-4269
- Residential income homes
- 2,352 SF
- 0.63 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1360 Zephyr St
- Year built
- 1952
- Construction
- STEEL FRAME
- Lot size
- 0.63 lot acres
- Property size
- 2,352 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 49-022-12-002
- APU
- 4902212002
Description
This exceptional 11-unit multifamily property in Lakewood, Colorado, presents a compelling investment opportunity. Situated on a sizable 0.63-acre lot (27,392 square feet), the property comprises four single-story buildings totaling 7,004 square feet. The unit mix is highly desirable, featuring seven one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and two three-bedroom/one-bathroom units. Each unit boasts a private fenced yard, offering residents the feel of single-family living. Recent improvements include new parking lots and roofs across all buildings, minimizing future maintenance concerns. The property currently boasts a 6.69% capitalization rate. Conveniently located near the Wadsworth Light Rail Station and a retail center at Wadsworth Boulevard and West Colfax Avenue, this property enjoys excellent accessibility and proximity to amenities. The M-R-U (Mixed Use - Residential - Urban) zoning designation opens up exciting possibilities for future redevelopment, maximizing the property's long-term value. Additional features include on-site laundry and storage units for resident convenience. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property with significant upside potential in a thriving Colorado location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.085
- Latitude
- 39.7378
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
