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1251 Brentwood Street

Lakewood, 80214

FOR

SALE

$950,000

For Sale

5

Beds

3

Baths

2,982

Sq.Ft.

MLS# 5888459

Cumulative Days on Market: 21 (since April 11th, 2024) Data provided by the MLS.

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Property Details

This Lakewood property is a prime opportunity for both house hackers and investors in a diverse, rapidly evolving neighborhood between the mountains and Denver. Currently a duplex with potential for conversion to a triplex, it's zoned for multifamily use (R3), promising increased cash flow. With 3, 400 sq ft, it generates $6, 000 cash flow, poised to rise post-conversion.The location offers easy access to outdoor activities and urban amenities, including nearby Belmar. Timing is ideal as a triplex expansion will provide immediate occupancy for two units. Infrastructure for conversion is in place, with private entrances already designed. The property features sub-metering for utilities, ensuring fair management practices.The lower unit features upgraded fireproofed ceilings and professional soundproofing, prioritizing tenant comfort and safety. The upper unit boasts attractive features like a spacious kitchen, jacuzzi tub, and screened-in porch. Private parking is available off the alley for this unit, while ample off-street parking is provided for others.Each unit operates independently with its utilities and appliances, adhering to fair housing guidelines. Open houses will be conducted transparently, and the owner, also an investor, is committed to fair practices throughout the transition process.Competitively priced in the Denver market, this property offers a unique opportunity for investors to achieve immediate returns and long-term growth. Garage space has been converted to its own stand alone space but is currently being bundled with the downstairs unit. Don't miss out on this opportunity! Each unit has tenants and so home can only 2 units can be shown.

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Property Highlights

Price

$950,000

Property Type

Residential Income

Property Sub Type

Duplex

Total Bathrooms

3

Year Built

2000

Location

County

Jefferson

Subdivision

lakewood lt line adj #1

Property Details

Condition

Updated/Remodeled

Price

$950,000

Property Sub Type

Duplex

Property Type

Residential Income

Building

Levels

One

Structure Type

Duplex

Total Area

2,982

Community

Local Schools

Elementary School

Eiber

High School

Lakewood

Middle School

Creighton

School District

Jefferson County R-1

Interior Features

Bedrooms and Bathrooms

Bedrooms

5

Total Bathrooms

3

Rooms and Basement

Basement Features

Finished

Has Basement

Yes

Area and Spaces

Above Grade Finished Area

1,491

Living Area

1,491

Heating and Cooling

Heating Features

Forced Air

Building Details

Construction

Year Built

2000

Materials

Construction Materials

Wood Siding

Roof

Composition

Terms

Terms

Exclusions

No exclusions

Ownership

Corporation/Trust

Special Conditions

None

Special Terms

1031 Exchange, Cash, Conventional, Jumbo, VA Loan

Taxes

Tax

Tax (Annual)

$3,815

Heating, Cooling & Utilities

Cooling Features

Evaporative Cooling

Utilities

Sewer

Public Sewer

Parking

Parking Features

220 Volts

Total Parking Spaces

9

Listed by Guide Real Estate, [email protected], 303-398-7033.

Listing Data last updated 05/01/2024 08:31 AM

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Property History

8 days ago

Property information last updated

21 days ago

Status Active. This is the date the listing was placed on market.

NOTE: Cumulative Days on Market: 21. Data provided by the MLS.

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Listings courtesy of REcolorado as distributed by MLS GRID IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 05/01/2024 08:31 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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1251 Brentwood Street - MLS#5888459 - $950,000

Listed by Guide Real Estate

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