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$ 1,600,000
Est. payment | /mo
4,880 SqFt
$ 1,600,000
Est. payment | /mo
4,880 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,880 sqft
Price per Sqft $327
MLS Listing ID 9810597
HOA Y/N No
Year Built 1961
Annual Tax Amount $7,672
Tax Year 2025
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Multi Family
Source recolorado
Property Description
Cushman & Wakefield is proud to present 1675 Upham Street, a compelling value-add multifamily investment opportunity in the heart of Lakewood, Colorado - a high-demand submarket within the Denver Metro. This 8-unit, two-story brick apartment building, constructed in 1961, is strategically located just off Wadsworth Bouldevard and Colfax Avenue, offering both strong tenant demand and long-term upside potential. The unit mix consists of one studio, six 1-bedroom/1-bath units, and one 2-bedroom/1-bath unit, with an average unit size of 610 SF. Additionally, the ownership has recently implemented utility bill-backs to tenants, enhancing NOI with no operational distrubution. Recent capital improvements include a new roof, new boiler, updated gutters and downspouts, selective new appliances and fixtures, and the addition of six basement storage units-all contributing to stabilized operations and lower near-term capex exposure. With strong physical fundamentals and embedded income growth, 1675 Upham Street is ideally suited for an investor seeking durable in-place cash flow with a clear path to value creation through unit renovations and operational optimization.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Parking Features Asphalt
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Cushman & Wakefield
jonathan.boxer@christiesaspenre.com
600 East Hopkins Ave Suite 304, Aspen, Colorado, 81611, United States