Listing Details

Property Description

Lakewood Station Apartments, located at 7520–7532 W 13th Avenue, is a fully occupied 7-unit apartment community in Lakewood. Built in 1960 and renovated in 2016, the property features a desirable side-by-side layout with front and back doors and a unit mix consisting primarily of two-bedroom apartments. Recent improvements include updated electrical with 100+ amp GE panels, exterior paint and signage, landscaping, laundry room improvements, interior updates, and a 2016 roof. Gas and electric are separately metered with tenants paying direct.

The property is well-located near light rail in a growing Lakewood location and has demonstrated strong historical income. Additional storage space provides potential for increased revenue, while the opportunity to add in-unit laundry offers investors a clear path to further improve the property and drive additional value.

Highlights:

Attractive side by side layout with front and back doors
Growth location near Light Rail
Recent updates include electrical (GE panels 100+ amps / unit), exterior paint / signage, gravel / turf, laundry room, roof 2016, interior updates
Fully occupied; strong historical income
Separately metered gas / electric - tenants pay direct
Additional storage space with income potential
Value add potential by adding in unit laundry