Description
The perfect Lakewood cash flow investment for an investor or owner occupant. This one-of-a-kind four-unit building in Lakewood is a great cash flow, and value add investment. This property is right across the street from Madison Park and only a few minutes from highway access. Even with current rents being significantly under market value, investors can buy this deal and cash flow from day one or renovate each unit and get up to $900 in rent per unit. This makes the gross potential rent $3,600! Tenants pay for electricity and gas. The owner pays for water and sewer. All mechanicals are in good working order and about mid-life. Unit 1 is on a month-to-month lease. Unit 2 lease is up 04/30/2024. Unit 3 lease is up 05/31/2023. Unit 4 lease is up 07/31/2023.
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4BEDS
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0.1ACRES
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4BATHS
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01/2 BATHS
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3,240SQFT
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$65$/SQFT
Listing information © 2023 YES-MLS.
Description
The perfect Lakewood cash flow investment for an investor or owner occupant. This one-of-a-kind four-unit building in Lakewood is a great cash flow, and value add investment. This property is right across the street from Madison Park and only a few minutes from highway access. Even with current rents being significantly under market value, investors can buy this deal and cash flow from day one or renovate each unit and get up to $900 in rent per unit. This makes the gross potential rent $3,600! Tenants pay for electricity and gas. The owner pays for water and sewer. All mechanicals are in good working order and about mid-life. Unit 1 is on a month-to-month lease. Unit 2 lease is up 04/30/2024. Unit 3 lease is up 05/31/2023. Unit 4 lease is up 07/31/2023.
Listing information © 2023 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than HomeX Real Estate Solutions are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-04-01T00:08:15.153.