Cushman & Wakefield is proud to present 1675 Upham Street, a compelling value-add multifamily investment opportunity in the heart of Lakewood, Colorado - a high-demand submarket within the Denver Metro. This 8-unit, two-story brick apartment building, constructed in 1961, is strategically located just off Wadsworth Bouldevard and Colfax Avenue, offering… Read More both strong tenant demand and long-term upside potential. The unit mix consists of one studio, six 1-bedroom/1-bath units, and one 2-bedroom/1-bath unit, with an average unit size of 610 SF. Additionally, the ownership has recently implemented utility bill-backs to tenants, enhancing NOI with no operational distrubution. Recent capital improvements include a new roof, new boiler, updated gutters and downspouts, selective new appliances and fixtures, and the addition of six basement storage units-all contributing to stabilized operations and lower near-term capex exposure. With strong physical fundamentals and embedded income growth, 1675 Upham Street is ideally suited for an investor seeking durable in-place cash flow with a clear path to value creation through unit renovations and operational optimization. Read Less
Construction Materials: "Brick", Effective Year Built: 1961, Occupant Type: Tenant, Stories: 2, Structure Type: "Low Rise (1-3)", Total Area: 4880, Unit Count: 3, Unit Types: "Array", "Array", "Array", Built in 1961, 8 total units
Disclosures
Exclusions: Tenant Possessions
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
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