7325 W Arkansas Avenue, Lakewood, CO 80232
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
7325 W Arkansas Avenue,Lakewood, CO 80232
$1,149,000
- 5 Beds
- 4 Baths
- 2,751 sq. ft.
- Multi-family
- Active
Listed by:patrick rampiprampi@moduscommercial.com,720-935-2184
Office:modus real estate
MLS#:2756204
Source:ML
Price summary
- Price:$1,149,000
- Price per sq. ft.:$417.67
About this home
Rare opportunity to purchase a side-by-side duplex with two separate 24’X32’ detached garages (6-CAR) in the back. Projected income of $93,600/per year or 7.3% CAP Rate! Use the garages as your 3rd and 4th streams of rental income, or use one or both for all the cars and outdoors toys you have. Private, gated entry into both garages. Extra space for outdoor storage on each side and plenty of extra concrete in front of each garage for even more space. The garages are only about 7-years-old, each measure 24’X32’. The west garage is unfinished, with projected income of between $1,000-$1,200/per month. The east garage could be your next “man cave” because it is insulated, finished/floored attic with access, has electric heat, and projected rental income of $1,300 to $1,500/per month. Unit #7335 is a 3-bedrooms, 2-bathroom, ranch-style unit that is currenting renting at $2,500/per month. This unit has a new furnace, new AC unit, and new tankless water hater. Unit #7325 is a 3-bedroom, 2-bathroom, split-level unit that is currently renting at $3,000/per month. This unit’s heat is hot water boiler heat. Each unit is metered separately for gas, electric, and both units have separate water taps/separate water lines. The owner doesn’t pay any utilities. The tenants are responsible for yard maintenance and snow removal. Each of the units has an attached 1-car garage in front and covered patios in the backyard as well. New exterior paint. Don’t miss this tremendous opportunity to purchase this unique investment opportunity or opportunity to live in one of the units and have all the storage you need. Seller financing is an option. Schedule a showing today before it’s gone.
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Home facts
- Year built:1973
- Listing ID #:2756204
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Living area:2,751 sq. ft.
Heating and cooling
- Cooling:Air Conditioning-Room, Central Air
- Heating:Forced Air, Hot Water
Structure and exterior
- Roof:Composition
- Year built:1973
- Building area:2,751 sq. ft.
Schools
- High school:Alameda Int'l
- Middle school:Alameda Int'l
- Elementary school:Lasley
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,149,000
- Price per sq. ft.:$417.67
- Tax amount:$4,503 (2024)
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