Lakewood Station Apartments, located at 7520–7532 W 13th Avenue, is a fully occupied 7-unit apartment community in Lakewood. Built in 1960 and renovated in 2016, the property features a desirable side-by-side layout with front and back doors and a unit mix consisting primarily of two-bedroom apartments. Recent improvements include updated electrical with 100+ amp GE panels, exterior paint and signage, landscaping, laundry room improvements, interior updates, and a 2016 roof. Gas and electric are separately metered with tenants paying direct.
The property is well-located near light rail in a growing Lakewood location and has demonstrated strong historical income. Additional storage space provides potential for increased revenue, while the opportunity to add in-unit laundry offers investors a clear path to further improve the property and drive additional value.
Highlights:
Attractive side by side layout with front & back doors
Growth location near Light Rail
Recent updates include electrical (GE panels 100+ amps/unit), exterior paint/signage, gravel/turf, laundry room, roof 2016, interior updates
Fully occupied; strong historical income
Separately metered gas/electric - tenants pay direct
Additional storage space with income potential
Value add potential by adding in unit laundry
Property details
Property
Type
Multi Family
MLS type
Commercial Sale
Status
Active
Year built
1960
Lot
0.28 AC / 12,023 SF
MLS #
4770417
Utilities
Sewer
Public Sewer
Financial
Annual tax
$9,544
Parcel
052287
Location
County
Jefferson
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Listed by Jack Sherman, NorthPeak Commercial Advisors, LLC