For Sale Multi-Family MLS# 4215825

1950 Independence Street

Lakewood, CO 80215

$640,000

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Take the tour

About 1950 Independence Street

MUST WATCH VIDEO VOICEOVER WALKING TOUR! Click the Virtual Tour link or search the property address on YouTube to watch the full tour! Great investment opportunity with this classic 1960 brick ranch-style duplex offering two spacious units, each with its own garage space in the shared two-car garage. One unit features 3 bedrooms, 2 bathrooms and a basement, while the second unit offers 2 bedrooms and 1 bathroom. Both units feature functional kitchens, reasonably maintained bathrooms and tremendous potential with some cosmetic updating. New flooring is needed in portions of the property, making this an excellent opportunity to add value through improvements. Recent exterior upgrades include a brand-new concrete driveway and new front walkways. Attractive brick construction, gas hot water heat and separate water heaters for each unit, installed in 2019 and 2020. The heating boiler may need servicing or replacement. Based on preliminary rental research, potential rents are estimated at approximately $2,000 to $2,500 per unit monthly, depending on unit size, condition and improvements. Buyers should independently verify rental potential and property condition. A wonderful opportunity to own a classic duplex with strong income potential and room to build equity through thoughtful improvements. Property is being sold by the Jefferson County Deputy Public Administrator.

Property details

Property

Type
Duplex
MLS type
Residential Income
Status
Active
Year built
1960
Stories
1
Living area
2,362 sqft
Price / sqft
$271
Lot
0.29 AC / 12,632 SF
MLS #
4215825

Interior

Features
Laminate Counters
Appliances
Dishwasher, Disposal, Dryer, Oven, Range, Range Hood, Refrigerator, Washer
Flooring
Carpet
Heating
Forced Air, Natural Gas
Cooling
Evaporative Cooling
Laundry
In Basement, Main Level

Exterior & lot

Roof
Composition
Foundation
Concrete Perimeter, Slab
Lot
Level
Patio & porch
Patio
Fence
Full
Parking
Concrete
Garage spaces
2

Schools

District
Jefferson County R-1
Elementary
Slater
Middle
Creighton
High
Lakewood

Utilities

Utilities
Electricity Connected, Natural Gas Connected, Phone Available
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$7,708
Parcel
050994
Special conditions
None Known

Location

Subdivision
Lorraine
County
Jefferson
Directions
20th & Kipling, go east and turn right on Independence St property on your left

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Listed by Jim Urban, Urban Companies

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