1657 Fenton Street, Lakewood, CO 80214

$1,099,000
12
BD
6
BA
4,282
SqFt
List Price
$1,099,000
Price Change
▼ $151,000 1571042018
Type
Multifamily
Status
ACTIVE
MLS Number
7021949
Total # of Units
6
Total Sqft
4,282
Finished Sqft
4280
Sub-Area
Westlake Heights / Sloan's Lake / Edgewater
Year Built
1958

Property Description

This property has serious potential! 6 x 2 bed 1 bath units all side by side backing to Walker Branch Park on the edge of Lakewood. All units are around 700sq-ft with hardwood floors and individual metering of gas and electric. Just 2 lots to the North there are new 4 story town homes, 5 streets to the east is Sloans Lake in Denver, and just a couple blocks north is the Edgewater area that has been redeveloped and you have shopping/dining/etc all within walking distance. 1 unit remodel complete on 10/1/2019 new photos added 10/1/2019.The rents in the area are higher than current rent being charged here, room to increase income. It is zoned M-R-U (city of Lakewood website) which allows for 60' structures and would give the owners mountain views over a park to the west without the possibility of future development blocking that view. The aerial panorama photos to the east and west are from 60' and show the actual view from the roof of such a future building.

Additional Information

Proj. Ann. Income
78000
Act. Ann. Income
60731
Act. Ann. Expense
16993
Proj. Ann. Expense
17000
School District
Jefferson County R-1
Community Parking
Off-Street: 10
Parking Type
Off-Street
Community Parking
Off-Street: 10
Parking Type
Off-Street
Parking Features
Driveway-Asphalt
Style
Ranch/1 Story
Basement Size
None
Zoned
M-R-U
Lot Size
12,650
Acres
0.29
Roofing Material
Composition Shingles
Contstruction
Brick
Taxes
$4,025
Tax Year
2018
Site Features
Adjacent to Park
View
Mountain View
Financial Terms
Cash, Conventional

Courtesy of STERLING REAL ESTATE GROUP INC

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Real Estate Company are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. IDX Terms and Conditions