MLS# 5678286 – 670 & 688 Miller Court, Lakewood, CO 80215

Courtesy of Pinnacle Real Estate Advisors NEWELLTEAM@PINNACLEREA.COM

Property Description

Description

10,112 Sqft

35,719 Sqft lot

0.82 Acre lot

Status: Active

Property Type: Multi-family

Year Built: 1960

Days on Website: 67

Property Features • 2.74% Assumable Loan Fixed Through March 1st, 2027 • Can be Purchased With 11410 W 38th Ave, Wheat Ridge • Proforma Rents Already Being Achieved • Less than 1 Mile to Oak Light Rail Station and Denver Federal Center • Attractive Landscaping on Large 0.82 Acre Lot • On-Site Seller Owned Coin-Op Washer & Dryer • City Mandated Residential Growth Restrictions Will Rapidly Increase Rents & Values in Lakewood • Located in an Opportunity Zone • Quick Access to US Hwy 6, Downtown Denver & Rocky Mountains

Property Details and Features

Property Access

Road Frontage Type:

"Public"

Road Responsibility:

"Public Maintained Road"

Road Surface Type:

"Paved"

Building

Building Class:

Class C

Building Name:

Flats on Miller

Construction Materials:

"Brick"

Effective Year Built:

1960

Occupant Type:

Tenant (Multiple)

Structure Type:

"Low Rise (1-3)"

Total Area:

10112

Unit Count:

Unit Types:

"Array"

Built in 1960

16 total units

Disclosures

Attribution Contact:

NEWELLTEAM@PINNACLEREA.COM

Exclusions:

Tenant Possessions

Expenses

Operating Expense Includes:

"Accounting", "Advertising", "Insurance", "Maintenance", "Professional Management", "Real Estate Tax", "Utilities"

Operating Expense:

$77,638

Projected Annual Expense:

$83,580

Home Owner's Association

Association Fee Total Annual:

Association Fee Annual:

0.00

Association Fee 2 Annual Expense:

0.00

Association Fee 3 Annual Expense:

0.00

Income

Actual Annual Net Income:

148757.00

Gross Income:

$224,160

Projected Annual Net Income:

$173,894

Projected Gross Income:

$248,640

Listing

Listing Id:

REC5678286

Standard Status:

Active

Mls Status:

Active

Listing Contract Date:

2024-02-22

Listing Terms:

"Cash", "Conventional"

Original List Price:

$3,025,000

Location

County Or Parish:

Jefferson

Lot

Acres:

0.82

Area:

0.82

Parcel Number:

056236 & 056235

Square Feet:

35719.2

Parking

Parking Total:

Carport Spaces:

Offstreet Spaces:

Reserved Spaces:

RV Spaces:

Parking Count:

Property

Current Use:

"Multi-Family"

Property Sub Type:

Multi-Family

Roof

Roof:

"Membrane"

Sewer

Sewer:

"Public Sewer"

Taxes

Annual Amount:

13888

Legal Description:

SECTION 04 TOWNSHIP 04 RANGE 69 QTR SE SUBDIVISIONCD 489200 SUBDIVISIONNAMEMAJESTIC HEIGHTS BLOCK 006 LOT 0003 SIZE: 9000 TRACT VALUE: .207 SECTION 04TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 489200 SUBDIVISIONNAME MAJESTIC HEIGHTSBLOCK 006 LOT 0004 SIZE : 9000 TRACT VALUE: .207 -AND- SECTION 04 TOWNSHIP 04 RANGE 69 QTR SE SUBDIVISIONCD 489200 SUBDIVISIONNAMEMAJESTIC HEIGHTS BLOCK 006 LOT 0005 SIZE: 9000 TRACT VALUE: .207 SECTION 04TOWNSHIP 04 RANGE 69 SUBDIVISIONCD 489200 SUBDIVISIONNAME MAJESTIC HEIGHTSBLOCK 006 LOT 0006 SIZE : 9000 TRACT VALUE: .207

Tax Year:

2023

Utilities

Utilities:

"Cable Available", "Electricity Available", "Electricity Connected", "Internet Access (Wired)", "Natural Gas Available", "Natural Gas Connected", "Phone Available", "Phone Connected"

Water Included

Water Source:

"Public"

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Contact an Agent

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Location

$3,025,000 -

670 & 688 Miller Court Lakewood , CO 80215

County Or Parish: Jefferson

670 & 688 Miller Court Lakewood , CO 80215

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

Location

Street View

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