Lakewood, CO 80214,1300 Balsam ST
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Lakewood, CO 80214,1300 Balsam ST
Lakewood, CO 80214,1300 Balsam ST
Lakewood, CO 80214,1300 Balsam ST
Lakewood, CO 80214,1300 Balsam ST

$950,000

Est. payment /mo

$1,050,000

9.5%
Est.Price: ?

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1300 Balsam ST Lakewood, CO 80214

4,853 SqFt

SOLD DATE : 06/06/2025

Key Details

Sold Price $950,000

Property Type Commercial

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,853 sqft

Price per Sqft $195

MLS Listing ID 5959267

Sold Date 06/06/25

HOA Y/N No

Year Built 1983

Annual Tax Amount $6,204

Tax Year 2024

Lot Size 0.382 Acres

Acres 0.38

Property Sub-Type Multi Family

Source recolorado

Property Description

Located in the heart of Lakewood, Colorado, 1300 Balsam Street presents a fantastic value-add investment opportunity. This well maintained, five-unit multifamily property offers spacious two bedroom, one-and-a-half-bath units, ideal for attracting long-term tenants. Each townhome style unit is generously sized and designed to maximize comfort and livability. The property's value-add potential lies in its opportunity for interior updates, improved amenities, and overall aesthetic enhancements, allowing for significant rent growth and increased returns on investment. With strong demand for quality rental housing in the Lakewood area, this asset offers significant upside potential for a savvy investor. Situated in a desirable neighborhood, 1300 Balsam Street offers convenient access to major highways, shopping, dining, and outdoor recreation, making it a prime location for attracting high-quality tenants. This is a rare opportunity to acquire a well-positioned multifamily asset in one of the most dynamic rental markets in the Denver Metro area.

Location

State CO

County Jefferson

Interior

Fireplace N

Exterior

Total Parking Spaces 10

Garage No

Building

Sewer Community Sewer

Structure Type Wood Siding

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Unique Properties LLC
Bought with eXp Realty, LLC
agent

Guillermo Martinez

Broker

+1(720) 989-5736

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