1360 Zephyr StLakewood, CO 80214

Property Details for 1360 Zephyr St

Year built

1952

Construction

STEEL FRAME

Lot size

0.63 AC

Property size (Sq ft)

2,352 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

49-022-12-002

APU

4902212002

Description

This exceptional 11-unit multifamily property in Lakewood, Colorado, presents a compelling investment opportunity. Situated on a sizable 0.63-acre lot (27,392 square feet), the property comprises four single-story buildings totaling 7,004 square feet. The unit mix is highly desirable, featuring seven one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and two three-bedroom/one-bathroom units. Each unit boasts a private fenced yard, offering residents the feel of single-family living. Recent improvements include new parking lots and roofs across all buildings, minimizing future maintenance concerns. The property currently boasts a 6.69% capitalization rate. Conveniently located near the Wadsworth Light Rail Station and a retail center at Wadsworth Boulevard and West Colfax Avenue, this property enjoys excellent accessibility and proximity to amenities. The M-R-U (Mixed Use - Residential - Urban) zoning designation opens up exciting possibilities for future redevelopment, maximizing the property's long-term value. Additional features include on-site laundry and storage units for resident convenience. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property with significant upside potential in a thriving Colorado location.

• CAP approach

  CAP return

  Valuation

  6%

  $535,977

  6.5%

  $494,748

  7%

  $459,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $741,900

  Geo Method

  $301,199

• Alternative Use

  Use

  Valuation

  Residential

  $494,748

  Hospitality

  $453,187

  Educational

  $377,046

  Medical

  $390,013

  Retail

  $586,516

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7378

Longitude

-105.085

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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