Description

INVESTMENT HIGHLIGHTS

Excellent Conversion Opportunity to Multifamily
Recent Capital Improvements Include Newer Boiler & Roof
Good Mix of Studios, 1Bd/1Ba & 2Bd/1Ba Units

Located in an Opportunity Zone
Priced Below Comparable Properties & Replacement Cost
Walk to Public Transportation, Restaurants, Retail and Places of Employment

EXECUTIVE SUMMARY

Property currently operated as an Extended Stay with excellent potential to be converted to multifamily. The City of Lakewood has expressed support of the conversion idea and the asset is located in a strong rental market. Reach out to broker for more details.

AMENITIES

High Speed Internet Access

Public Access Wifi

Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTION	NO. ROOMS	DAILY RATE	SF
Suite	147	$71.00	-

Josh Newell

+1 303-962-9555

Specification

General

Building Size : 80120
Lot Size : 2.3700
Sale Type : Investment
Zoning : C-R
Year of Built : 1971
Year of Remodeled : 2019
Number Of Rooms : 147

Financials

Revenue : 1866958
Expense : 1401827
Taxes : 104729
NOI : 360402
Cap Rate : 3.13

Hospitality

Parking Spaces :
Hotel Laundry Equipments :
Guest Laundry Equipments :
Swimming Pool :

HomeTowne Studios Denver Lakewood West

Listing ID : 00490

SKU: 490

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