$1,507,500
$1,595,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
85 Harlan ST Lakewood, CO 80226
0.33 Acres Lot
Key Details
Sold Price $1,507,500
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7028479
Sold Date 04/24/25
Style Urban Contemporary
HOA Y/N No
Originating Board recolorado
Year Built 1959
Annual Tax Amount $10,317
Tax Year 2023
Lot Size 0.328 Acres
Acres 0.33
Property Sub-Type Multi Family
Property Description
Listed by Altos Realty Advisors, this well-maintained, fully occupied 9-unit property offers consistent cash flow and exceptional upside potential. Featuring a desirable unit mix of 8 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit, the property is priced at a 5.7% CAP rate with a market CAP rate opportunity exceeding 7%, making it a compelling investment in the thriving Lakewood area.
Located just minutes from Denver, the property provides easy access to major highways, public transportation, and the RTD light rail. The vibrant neighborhood attracts tenants with its proximity to the Belmar Shopping District, Sloan's Lake, and numerous parks and trails. With increasing rental demand and room for growth, this is a rare opportunity to secure a high-performing asset in a sought-after market.
For more information or to schedule a showing, contact Altos Realty Advisors today!
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Parking Features Asphalt
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Membrane
Total Parking Spaces 12
Garage No
Building
Lot Description Sprinklers In Front
Sewer Public Sewer
Water Public
Structure Type Brick,Frame,Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NON MLS PARTICIPANT