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1679-1695 Reed St
Lakewood, CO 80214
Asking Price
$7.70M
Cap Rate
6.65%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 40 Units | $192,500/unit <ul><li>Fully renovated 40-unit asset with over $1M in recent capital improvements</li><li>Newer roofs, boilers, and windows throughout</li><li>Updated electrical panels throughout</li><li>Exceptional unit mix: majority 2- and 3-bedroom floor plans</li><li>Improved landscaping with community garden, dog area, pergola, and BBQ</li><li>Five separate 8-unit buildings offering operational flexibility and phased exit options</li></ul>
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NOI
$80,000
Cap Rate
1.04%
DSCR
0.17
Underwater
Cash-on-Cash
-16.33%
Monthly Payment
$38,095.399
Annual Cash Flow
$-377,144.785
