If you need assistance, please call 303-900-8570

    • Listing Provided By CBRE
    DESCRIPTION

    Jewell Park Apartments is located adjacent to Jewell Park, making this an incredibly rare investment opportunity. The apartments at Jewell Park include updated finishes, ceiling fans, dishwashers, air conditioning, designer floors, spacious floor plans and private balconies or patios. Common amenities includes 51 off-street parking spaces, onsite laundry room, reserved storage units, lounge area with foosball and ping pong tables, large backyard with a pergola picnic area, and direct access to walking trails and Jewell Park. Recent capital improvements at Jewell Park include a new roof and mansards in 2017, common hallway flooring and all new efficient power flush toilets in 2018. Substantial upside by renovating the units to get the rents up to a market level. Please note that the reflected price is with the current loan assumption, which is below market interest rates right now. Terms of the note are a 3.35% interest rate, interest only through December 2029, maturity date in December 2029. This loan will bolster the cash-on-cash returns so please reach out for more information or to set up a tour.

    KEY DETAILS
    • Price:
    • $6,000,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 32,725
    • Acreage:
    • 1.33
    • Year Built:
    • 1971
    • MLS #:
    • 4458724
    • Street Address:
    • 8983 W Jewell Ave
    • City:
    • Lakewood
    • State:
    • CO
    • Postal Code:
    • 80232
    • County:
    • Jefferson
    • Listing Status:
    • For Sale - Active

    Building

    • Construction Description:
    • Brick
    • Number Of Units:
    • 31
    • Number Of Units Vacant:
    • 1
    • Style:
    • Low Rise
    • Total Building Square Footage:
    • 32725
    • Type Of Roof:
    • Membrane
    • Year Built:
    • 1971

    Business

    • Gross Income:
    • 454780
    • Operating Expense:
    • 166551

    Land

    • Existing Land Use:
    • Multi-Family
    • Lot Size:
    • 1.33
    • Lot Size Units:
    • Acres
    • Lot Square Footage:
    • 57933
    • Road Frontage Type:
    • Public Road
    • Road Type:
    • Paved

    Listing

    • Excluded:
    • Tenant Belongings.
    • Originating Mls:
    • Reco

    Location

    • Street Direction Prefix:
    • W
    • Street Type:
    • Avenue

    Money

    • Property Taxes:
    • $24,119
    • Tax Year:
    • 2019
    • Tenant Pays:
    • Cable Tv, Electricity, Gas, Internet, Trash Collection, Telephone, Water

    Rooms

    • Laundry:
    • Coin-Operated, Laundry Room

    Structures

    • Parking Spaces:
    • 51

    Systems

    • Existing Water:
    • Public
    • Sewage Type:
    • Public Sewer

    Source

    COMLIST
    REQUEST SHOWING
    SCHOOL RATINGS

    No school information available.

    NOTES

    No notes have been added for this home.

    CONTACT AN AGENT
    By clicking 'Request Info' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from viewgreaterdenverareahomes.com at the number you provided above. This consent is not required to purchase any good or service. More details in privacy policy and terms of use.

    SCORECARD

    0
    PROS
    0
    CONS
    Condition
    Location
    Nearby
    Schools
    Taxes
  • Add Note
  • Add to Notebook
  • Share