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1951 Upham Street
Lakewood, CO 80214
Asking Price
$1.35M
Cap Rate
7.1%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 7.10% CAP | 7 Units <ul><li>Pride of ownership – well maintained property</li><li>0% historical vacancy in over 36 months!</li><li>Loan assumption with 4.1% interest through 2031 available</li><li>Recent updates to interiors, roof (2024), parking lot (2025), windows, boiler, laundry, sprinkler system, fence, and exterior stairs</li><li>All 2 and 3 bedroom units</li><li>Roughly 1 mile from Wadsworth Light Rail Station</li><li>Potential 10% cash on cash return for an owner manager</li></ul>
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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761
