Sold
8220 W 16th Place
Lakewood CO, 80214
$3,650,000
$221.99 per sqft
Sold
16,442 sqft
Commercial
Built in 1959
Priced Reduced! Cottonwood Apartments is an 18-unit apartment building built in 1959 located in the heart of Lakewood, Colorado. The all-brick interior hall building features 3 one-bedroom/one-bathroom units, and 15 spacious two-bedroom/one-bathroom units. Average unit size nearly 900 square feet. The property features an excellent central location, wood cabinetry, ample off -street parking, an on-site laundry room, central swamp cooling system, and spacious well designed floor plans. The property also includes a large open area on the southwest corner of the parcel that could be developed in the future, a large off -street parking lot and mature beautiful landscaping. Easy value-add option to increase rents over $150/unit/month with minor kitchen modernizations.
Turn-Key Opportunity Including Newer Roof, Gutters, Windows, Newer Boiler and Updated Interiors
Large, Well Landscaped Lot with Potential to Add 15 Units or Garages
Mostly Large, Two Bedroom Units
Less than One Mile to Wadsworth Lightrail Station
8796675
MLSⓇ ID
April 10, 2023
Listed
March 21, 2024
Updated
Map
8220 W 16th Place
Lakewood CO, 80214
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.82 Acres
Lot Features
Corner Lot, Irrigated, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Roof
Membrane
Sewer
Public Sewer
Other Property Details
Taxes
$21,613
Tax Frequency
Annually
Garage
No
Parking
Asphalt
Parking Total
30
View
No
County
Jefferson
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
7/28/2023 | Price Change | $3,650,000 -9% |
7/28/2023 | Sold | $3,650,000 |
1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
5. Equal Housing Opportunity - see logo above.
6. © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500, Greenwood Village, CO 80111 USA 7. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
©2024 REColorado. All rights reserved.
Data last updated 9:52 PM UTC, 3/21/2024
