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$ 4,250,000
Est. payment | /mo
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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2178426
HOA Y/N No
Originating Board recolorado
Year Built 1962
Annual Tax Amount $17,322
Tax Year 2024
Property Sub-Type Multi Family
Property Description
MMG is pleased to present the opportunity to purchase 1600-1604 Garland St & 1601 Garrison St, a 22-unit multifamily portfolio. This asset features an exceptional unit mix, attracting a diverse tenant demographic and providing strong leasing potential. Investors can execute a value-add strategy through unit renovations, introduce a utility bill-back system to optimize operating expenses, and
stabilize rental rates to align with the competitive market. These enhancements will position the property for maximized cash flow
and long-term asset appreciation in a high-demand Lakewood submarket.
stabilize rental rates to align with the competitive market. These enhancements will position the property for maximized cash flow
and long-term asset appreciation in a high-demand Lakewood submarket.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Total Parking Spaces 40
Garage No
Building
Sewer Public Sewer
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by MMGREA LLC • Nexus@gmail.com
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Troy & Monica Townsend
Broker Associate | Lic# FA40006487 | FA100080371