Denver Condo Mania


MLS: 2856469     $4,000,000
Bedrooms with Baths

8150 W 26TH AVENUE 1 LAKEWOOD CO 80214

MLS: 2856469     $4,000,000
Bedrooms with Baths

MLS #:2856469
Status:ACTIVE
List Price:$4,000,000
Price SQFT:$0
LAKEWOOD Condos
Beds:
Baths:
Year:1969
Zip:80214

 

REMARKS

Silver Leaf Apartments is in the Morse Park neighborhood of Lakewood, one of metro Denver’s top performing apartment markets. The property is across the street from Crown Hill Park & Wildlife Sanctuary, providing more than 229 acres of open space out the tenants’ front door. Fourteen (14) of the units at the property have been renovated to include new LVT plank flooring, carpet, paint, finishes, and appliances where needed. Two of these units have a premium level of finishes and include updated shaker cabinets, designer lighting, stainless steel appliances, tile backsplash and a rearranged kitchen floor plan. All units include large spacious floor plans, a dishwasher, disposal, air conditioning, ceiling fans and individual thermostats. The value-add potential is proven for the five unrenovated units. Either finish level would significantly increase the cash flow and returns. Substantial capital improvements were completed at the property in the past few years, including a new boiler, roof with warranty, windows, and replaced air conditioning units as needed. The building is located on a large, 0.83-acre site that has 35 off-street parking spaces, a common courtyard and picnic area. Silver Leaf Apartments is five minutes from the trendy Sloan’s Lake neighborhood. This community is thriving with shopping, entertainment, bars and restaurants including Sloan’s Tap & Burger, Starbucks, Alamo Drafthouse, Target, King Soopers, Joyride Brewing Company, Edgewater Inn, Lakeview Lounge, Edgewater Public Market, Seedstock Brewing and many more. The Lakewood North submarket where Silver Leaf Apartments is located is thriving. In the first quarter 2020, the average vacancy rate for 9 to 50 units buildings in the submarket was just 1.3%. The vacancy rate has remained below 2.0% for the past two years. The average rent for two-bedroom, one-bath units in the submarket rose to $1,386/month, a 2.5% increase over the previous quarter. *

Address: 8150 W 26TH AVENUE 1 LAKEWOOD CO 80214

  Listing Courtesy of CBRE, INC.

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STATUS:Active
LISTING CONTRACT DATE:2020-06-25
BUILDING AREA TOTAL:16810
YEAR BUILT:1969
Taxes:$19,086
ARCHITECTURAL STYLE:LowRise
CONSTRUCTION:Brick
LEGAL DESCRIPTION:SECTION 35 TOWNSHIP 03 RANGE 69 QTR NW SUBDIVISIONCD 384200 SUBDIVISIONNAME JEFFERSON ARMS CONDOS BLOCK LOT 0001 SIZE: 36068 TRACT VALUE: . 828 SECTION 35 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 384200 SUBDIVISIONNAME JEFFERSON ARMS CONDOS BLOCK LOT 0002 T RACT SECTION 35 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 384200 SUBDIVISIONNAME JEFFERSON ARMS CONDOS BLOCK LOT 0003 TRACT SECTION 35 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 384200 SUBDIVISIONNAME JEFFERSON ARMS CONDOS BLOCK LOT 0004 TRACT SECTION 35 TOWNSHIP 0 3 RANGE 69 SUBDIVISIONCD 384200 SUBDIVISIONNAME JEFFERSON ARMS CONDOS BLOCK LOT 0005 TRACT SECTION 35 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 384200 SUBDIVISIONNAME JEFFERSON ARMS CONDOS BLOCK LOT 0006 TRACT SECTION 35 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD
# GARAGE SPACES:0
PROPERTY TYPE:CommercialSale
PROPERTY SUB TYPE:MultiFamily
ROOF:Membrane
NUMBER OF UNITS TOTAL:19

Estimated Monthly Payments


List Price:$4,000,000
20% Down Payment:$800,000
Loan Amount:$3,200,000
Loan Type:30 Year Fixed
Interest Rate:3.5 %

Estimated Monthly Payment:

$14,369

Estimate does not include taxes, fees, insurance.

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Property Location: 8150 W 26TH AVENUE 1 LAKEWOOD CO 80214



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Last Updated: 2020-08-10 02:20:27