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1951 Upham St.

Lakewood, Colorado 80214

CONTACT BROKER
Price
$1,350,000
Property Type
Multifamily
# of Units
7
Building Size
5,445 SQFT
Lot Size
13,700 SQFT
Year Built
1961

Description

1951 Upham St. is a 7-unit apartment community built in 1961 with recent updates to interiors, roof, parking lot, sprinkler system, fence, and exterior stairs. The building is composed of all 2 and 3 bedrooms units. Pride of ownership is clearly apparent in this well maintained property. Tenant retention has been strong and there is potential rent upside as evidenced in 0% historical vacancy over the last 3 years.

The property is in a growth location roughly 1 mile from the Wadsworth Light Rail Station. A strong draw to this deal is the assumable loan option with a 4.1% interest rate fixed through 2031. With this path, there is potential for 10% cash on cash return for an owner manager. This is a rare opportunity to buy a well-maintained property that will continue to improve over time.

Highlights

  • Pride of ownership – well maintained property
  • 0% historical vacancy in over 36 months!
  • Loan assumption with 4.1% interest through 2031 available
  • Recent updates to interiors, roof (2024), parking lot (2025), windows, boiler, laundry, sprinkler system, fence, and exterior stairs
  • All 2- and 3-bedroom units
  • Roughly 1 mile from Wadsworth Light Rail Station
  • Potential 10% cash on cash return for an owner manager

Brokers

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Hunter Schaefer

. Senior Advisor
(925) 989-8930.
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Jack Sherman

. Senior Advisor
(303) 903-9638.

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