950 Allison St Lakewood, CO 80214-4442
Property Lookup
Property profile & analytics
950 Allison St Lakewood, CO 80214-4442
- Residential income homes
- 1,488 SF
- 0.72 lot acres
Property ID
US13-0826143
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 950 Allison St
- Year built
- 1950
- Construction
- STEEL FRAME
- Lot size
- 0.72 lot acres
- Property size
- 1,488 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 49-023-00-012
- APU
- 4902300012
Description
This exceptional 6-unit apartment building, located at 950 Allison Street in Lakewood, Colorado, presents a compelling investment opportunity. The property boasts 6,960 square feet on a spacious 27,200 square foot lot and was built in 1950. The current asking price is $1,400,000, translating to $233,333 per unit. The property features a diverse unit mix, including four two-bedroom units and two three-bedroom units, each with unique features. Four of the six units include private garages, a significant advantage in this market. All units offer in-unit laundry hookups, private backyards, and both front and back door entries. Tenants enjoy hardwood floors and efficient layouts. The property is separately metered for gas and electricity, with tenants responsible for their utility costs. While meticulously maintained with no deferred maintenance, there's potential for value enhancement through interior upgrades, leading to increased rental income. The property's location offers a peaceful, country-like setting while being conveniently located just four blocks from the Wadsworth FasTracks light rail station and providing easy access to Highway 6. The current NOI is $76,799, with a pro-forma NOI of $87,885, resulting in a current cap rate of 5.49% and a pro-forma cap rate of 6.28%. This Lakewood property offers investors a strong foundation for continued performance and growth in a desirable location. The property's solid occupancy and potential for future income growth make it an attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.086
- Latitude
- 39.7322
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,572
$42,026
$30,845
$72,871
-
$627,260
$515,380
$1,142,640
