Description
Legal Lakewood triplex built in 2000 with one vacant unit and two occupied units producing $4,500 per month in current gross rent. Unlike many older multifamily properties with identical apartment layouts, this versatile asset offers a spacious 3-bedroom, 2-bath upper residence, a vacant 2-bedroom, 1-bath lower unit and a separately addressed 1-bedroom, 1-bath unit. The vacant lower unit creates immediate flexibility for an owner-occupant or allows an investor to select a new tenant and establish current market rent. Based on the prior lower-unit rent of $2,300 per month, projected stabilized gross income is approximately $81,600 annually. Tenant utility usage is submetered and billed through a third-party provider, helping reduce an owner's exposure to variable utility consumption. The upper residence features hardwood floors, a large kitchen with abundant cabinetry, generous living and dining areas, a screened-in porch and a primary suite with a spacious bath and jetted tub. The lower unit offers an open kitchen and living area, stainless-steel appliances, recessed lighting and private exterior access. The one-bedroom unit provides another distinct living space with its own entrance, full bath and mini-split system. Additional investment advantages include nine reported off-street parking spaces, multiple private entrances, in-unit appliances, updated interiors and a spacious fenced outdoor area with lawn, patio and covered gazebo. The varied unit mix may appeal to investors, multigenerational buyers or an owner-occupant seeking meaningful rental income without sacrificing living space. Convenient access to Denver, central Lakewood, parks, shopping, dining and commuter routes. Buyer to verify measurements, income, expenses, leases, zoning and permit information.
