1435-1449 Depew StLakewood, CO 80214

Property Details for 1435-1449 Depew St

Year built

1951

Lot size

0.55 AC

Property size (Sq ft)

6,346 SF

Property type

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of three four-unit apartment buildings located at 1435-1449 Depew Street in Lakewood, Colorado. The property encompasses a substantial 0.55-acre lot (24,134 square feet) currently housing a total of 6,346 square feet of existing rental space, divided into twelve individual units. The property's zoning designation is multifamily, making it ideally suited for a variety of uses. Importantly, a preliminary site review conducted by an architecture firm suggests significant redevelopment potential. This review indicates the feasibility of constructing a new, larger multifamily building on the site, potentially accommodating up to 42 units, subject to all necessary approvals and adherence to local zoning regulations. This presents a unique chance to capitalize on the strong rental market in Lakewood while exploring substantial value appreciation through a future development project. The asking price for this prime Lakewood property is $2,200,000. This represents a compelling investment opportunity for those seeking immediate rental income and long-term growth potential. The property's location in Lakewood offers convenient access to major transportation routes, amenities, and employment centers. Serious inquiries are encouraged.

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7387

Longitude

-105.058

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