Sold
Closed
8220 W 16th Place
Lakewood CO, 80214
$3,650,000
$221.99 per sqft
Sold
Closed
16,442 sqft
Commercial
Built in 1959
Priced Reduced! Cottonwood Apartments is an 18-unit apartment building built in 1959 located in the heart of Lakewood, Colorado. The all-brick interior hall building features 3 one-bedroom/one-bathroom units, and 15 spacious two-bedroom/one-bathroom units. Average unit size nearly 900 square feet. The property features an excellent central location, wood cabinetry, ample off -street parking, an on-site laundry room, central swamp cooling system, and spacious well designed floor plans. The property also includes a large open area on the southwest corner of the parcel that could be developed in the future, a large off -street parking lot and mature beautiful landscaping. Easy value-add option to increase rents over $150/unit/month with minor kitchen modernizations.
Turn-Key Opportunity Including Newer Roof, Gutters, Windows, Newer Boiler and Updated Interiors
Large, Well Landscaped Lot with Potential to Add 15 Units or Garages
Mostly Large, Two Bedroom Units
Less than One Mile to Wadsworth Lightrail Station
8796675
MLSⓇ ID
April 10, 2023
Listed
November 25, 2024
Updated
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.82 Acres
Lot Features
Corner Lot, Irrigated, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Roof
Membrane
Sewer
Public Sewer
Other Property Details
Taxes
$21,613
Tax Frequency
Annually
Garage
No
Parking
Asphalt
Parking Total
30
View
No
County
Jefferson
Water Source
Public
Pool
No
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Listing History
Date | Event | Price |
|---|---|---|
7/28/2023 | Price change | $3,650,000 -9% |
7/28/2023 | Sold | $3,650,000 |
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Data last updated 5:40 PM UTC, 11/25/2024
