1628 Eaton St Lakewood, CO 80214
- Residential income homes
- 1,444 SF
- 0.42 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1628 Eaton St
- Year built
- 1922
- Construction
- BRICK
- Lot size
- 0.42 lot acres
- Property size
- 1,444 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 39-364-00-007
- APU
- 3936400007
Description
This exceptional investment opportunity presents a rare .42-acre corner lot in Lakewood's desirable Edgewater/Sloan's Lake area. The property comprises a five-unit complex: a four-plex and a single-family home. The four-plex features two one-bedroom, one-bathroom units and two renovated two-bedroom, one-bathroom units, each boasting updated windows and new electrical panels. Individual electric meters are installed for each unit, and the building includes an on-site coin-operated laundry facility, ample outdoor space, and off-street parking. The single-family home, remodeled in 2020, offers 1,800 square feet of living space, three bedrooms, two bathrooms, a dedicated washer/dryer, an oversized garage, and a private backyard. Both buildings received new roofs in 2018. The property is zoned R-MF (Multi-Family Residential), allowing for potential subdivision or redevelopment. Its prime location offers residents easy access to Sloan's Lake recreational amenities, the vibrant Edgewater neighborhood's shops and restaurants, and the revitalized Colfax Avenue, providing diverse dining, shopping, and entertainment options. Downtown Denver is a short 10-minute drive away. This combination of location, existing income-generating units, and redevelopment potential makes this a truly exceptional investment opportunity in a highly sought-after Denver area. The total square footage is 4,806. The asking price is $1,300,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,090,000
- 6.5%
- $1,025,000
- 7%
- $995,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,005,000
- Geo Method
- $1,005,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,115,000
- Retail
- $1,060,000
- Mixed-Use
- $900,000
- Hospitality
- $1,055,000
- Educational
- $890,000
- Residential Income
- $1,030,000
- Energy
- $1,055,000
- Income-Based Land
- $965,000
- Food Service
- $980,000
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.059
- Latitude
- 39.7424
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
