COMMERCIAL/MULTI-FAMILY INVESTMENT€¦ · Income: $158,595 CAP Rate: 6.31% Total Income: $163,500...

LAND office iNDustriAL retAiL iNvestmeNts

West 26th Avenue, Lakewood, Colorado

®

www.fullerre.com

COMMERCIAL/MULTI-FAMILY INVESTMENT

©2019 Fuller Real Estate. All Rights Reserved. Price, terms and availability subject to change without notice.

Fuller Real Estate(303) 534-4822

Mike Haley720.287.5408 direct

720.309.3413 mobilemHaley@fullerre.com

10220-30 W. 26th Ave, Lakewood 10210 W. 26th Ave, Lakewood

FOR SALE: $1,250,000

COMMERCIAL/RESIDENTIAL INVESTMENT

FOR SALE: $1,750,000

APARTMENT/COMMERCIAL INVESTMENT

N

W. 26th Avenue

SITE PLAN

This site plan is a visual representation only and should not be considered accurate.

Building 18,631± SF

Building 2877± SF

DETACHED HOUSE

RESIDENTIALUNIT

COMMCERCIAL AND APARTMENTS

N

W. 26th Avenue

Building 21,778± SF

Building 15,980± SF

SITE PLAN

This site plan is a visual representation only and should not be considered accurate.

EVENT CENTER

COMMERCIALUNIT

APARTMENTS

APARTMENTS

LAND office iNDustriAL retAiL iNvestmeNts®

www.fullerre.com 5300 Dtc Pkwy, #100 | Greenwood village | co |80111 | fAX: 303-534-9021

Although from sources deemed reliable, Fuller Real Estate does not warrant the enclosed information and suggests that all facts and figures be independently verified.

10220-30 W. 26th Ave, Lakewood

DEMOGRAPHICS (CoStar 2019)

1 Mile 3 Mile 5 MilePopulation: 11,311 98,425 304,204Households: 5,058 43,692 128,874Median Income: $65,747 $55,410 $59,628Employees: 2,941 72,392 156,955Businesses: 422 7,335 16,017

Traffic Counts: (CoStar 2018) Kipling St @ W. 26th ; 36,413 vpd

10210 W. 26th Ave, Lakewood

Paramount S.C.

LAND office iNDustriAL retAiL iNvestmeNts Fuller Real Estate(303) 534-4822

10220-30 W. 26th Ave. 10210 W. 26th Ave.

FOR SALE: $1,750,000

Building Size: 1- 5,980 SF 2- 1,728 SF; 7,708± Total SF

Zoning: M-S-N City of Lakewood

Parking: 28 Spaces

YOC: 1973; Renovated 2017

Land Size: 22,215 SF

Vacancy Factor: ($ 4,905) - 3% Gross Operating Income: $158,595

CAP Rate: 6.31%

Total Income: $163,500

2019 Budgeted Expenses: ($ 48,204)

$110,391 Net Operating Income:

• 10 Completely Renovated apartment units• 100% Leased• New Range, Refrigerator and stackable Washer/Dryer in each apartment unit• Diverse income stream with 2 commercial units• Plentiful surface parking• Private enclosed back patio for each unit• Apartment building has new roof, new HVAC and a new water booster pump• Each unit is separately metered for electric utilities• The adjacent property, located at 10220-30 W. 26th Ave., Commercial/Residential Income Property 1.07 acres; may also be purchased at $1,250,000 Contact Listing Agent - Mike Haley

Investment Highlights:

FOR SALE: $1,250,000

Building Size: 1- 8,631 SF 2- 877 SF; 9,508± Total SF

Parking: 30 spaces

YOC: 1940, 1955 & 1965; Renovated 2017 (excl. houses)

Land Size: 1.07 Acres

Zoning: M-S-N City of Lakewood

Vacancy Factor: ($ 4,232) - 3% Gross Operating Income: $136,828

CAP Rate: 7.15%

Total Income: $141,060

2019 Budgeted Expenses: ($ 47,407)

$89,421 Net Operating Income:

• Diverse income stream with residential and commercial tenants• Large lot with expansion possibilities • Commercial building has new roof and HVAC• Property includes; commercial, apartments and residential units - 3 apartments and 2 houses (one attached, one detached)• The adjacent property, located at 10210 W. 26th Ave., Apartment/Commercial Income Property; may also be purchased at $1,750,000 Contact Listing Agent - Mike Haley

Investment Highlights: