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5275 W 1st Ave
Lakewood, CO 80226 West Denver

$6,400,000 USD

Apartments For Sale • 26,430 SF

Property Details

Property Type Apartments
Total Building Size 29,770 SF
Lot Size 1.34 AC
Building Class C
Year Built 1961
Cap Rate 6.42 %
Zoning M-R-S

35 Transit Score

78 Walk Score

                
                    Highlights
                
                                Great Unit Mix & Mostly 2Bd Units
                            
                                6.42% Current CAP Rate!
                            
                                Recent Capital Improvements Include: Newer Windows and Sewer Line, Exterior Painting and Lighting & Newer Roof
                            
                                Huge 1.34 Acre Lot
                            
                                Large Storage Area with Potential to Add 3 Studio Units
                            
                                Less than 2 Miles from Belmar Shopping District

Property Flyers

5275 W 1st Ave - OM (EMAIL)

Financial Summary (Actual)

Net Operating Income: $411,015 USD (2024)

Cap Rate:	6.42 %
Total Expenses:	$174,215 USD

Amenities

Dishwasher
Disposal
Heating
Pet Play Area
Kitchen
Refrigerator
Range
Tub/Shower
Storage Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station: Lodo-Coors Field-16Th Street Mall (C Line - Denver Regional Transportation District Light Rail (TheRide), E Line - Denver Regional Transportation District Light Rail (TheRide), W Line - Denver Regional Transportation District Light Rail (TheRide))	10 min	-	5.0 mi
Denver (California Zephyr - Amtrak)	10 min	-	5.2 mi
Airport	Drive	Walk	Distance
Denver International	40 min	-	29.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes

Josh Newell 303-962-9555 Pinnacle Real Estate Advisors

5275 W 1st Ave Lakewood, CO 80226 West Denver