7,128 sqft

$1,507,500

85 Harlan Street, Lakewood CO, 80226

Price per sqft$211.49

Built in1959

Property size7,128 sqft

Property typeCommercial

Overview

Sold

Closed

Listed Jan 17, 2025

Updated Jun 2

Listed by Altos Realty Advisors, this well-maintained, fully occupied 9-unit property offers consistent cash flow and exceptional upside potential. Featuring a desirable unit mix of 8 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit, the property is priced at a 5.7% CAP rate with a market CAP rate opportunity exceeding 7%, making it a compelling investment in the thriving Lakewood area. Located just minutes from Denver, the property provides easy access to major highways, public transportation, and the RTD light rail. The vibrant neighborhood attracts tenants with its proximity to the Belmar Shopping District, Sloan’s Lake, and numerous parks and trails. With increasing rental demand and room for growth, this is a rare opportunity to secure a high-performing asset in a sought-after market. For more information or to schedule a showing, contact Altos Realty Advisors today!

Additional information

MLS^® ID: 7028479

Interior Features

Basement: No

Exterior Features

Lot Size: 0.33 Acres

Other Property Details

Taxes: $10,317
Tax Frequency: Annually

Listed by Altos Realty Advisors, Inc., Christopher Kooij, Listing Contact:

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