$1,750,000
For Sale

1550 Kendall Street

Lakewood, CO 80214
Listing OfficeMMGREA LLC
Browse 36 photos
Type:Purchase
Structure:5+ Family
Zone:Commercial

Description

MMG is pleased to present Kendall Apartments, an investment opportunity in the thriving Sloan's Lake/Edgewater neighborhood, just west of Denver. This 9-unit multifamily property features a highly desirable unit mix of spacious two-bedroom units, ensuring broad tenant appeal and consistent demand. Each unit is separately metered for gas and electric, significantly reducing utility expenses and enhancing operational efficiency. Situated on 29,000 SF of high-density multifamily zoning, the property is exempt from Lakewood's 1% growth restriction, offering substantial redevelopment potential and future appreciation. All units have been updated to meet modern standards, and the roof was replaced in 2023, minimizing immediate capital expenditures and ensuring a hassle-free investment. This well-maintained asset, strategically located in a vibrant neighborhood, promises strong tenant demand and excellent upside potential, making it an ideal addition to any commercial real estate portfolio.

  • Property Details
      • Sewer InformationPublic Sewer
      • Property SubtypeMulti-Family
      • Original List Price$1,750,000
      • CountyJefferson
      • Property TypePurchase
      • MLS #8003057
      • Cost1750000
      • MLS #8003057
      • Taxes Annual$8,336
      • Square Feet29000
      • Year Built1980

Location

Hanover CommercialReal Estate Group

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