10685-10695 W 12th PL new to site Save Request In-Person Tour Request Virtual Tour
Lakewood,CO 80215
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $230
Subdivision Krieger
MLS Listing ID 7646955
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 3,338
Year Built 1972
Annual Tax Amount $3,854
Tax Year 2024
Lot Size 10,759 Sqft
Acres 0.25
Property Sub-Type Duplex
Source recolorado
Property Description
https://khcommercial.com/featured-listings/10685-10695-w-12th-pl-lakewood/
In Place Cap Rate: 5.82%
Market Cap Rate: 6.93%
Current NOI: $54,840
Proforma NOI: $63,438
10685-95 W 12th Place is a side-by-side, ranch-style duplex that lives more like two single-family homes than attached units. Each unit has its own front entry, fireplace, direct-access garage, and private backyard, which help reduce turnover and support long-term, family style living. The quiet residential location in the Eiber Neighborhood is just a few blocks from both Oak Street Station and Sunset Park, while being 15 minutes from both Downtown Denver and the I-70 Corridor.
Tenants pay for their own gas, electricity, and trash, limiting owner expenses to just property taxes, insurance, water/sewer, and general maintenance. The two-bedroom is currently on month-to-month lease at $1,850, and the long-time four-bedroom tenant (most recently $2,700) vacates 1 August, providing a clean slate for new leasing.
Both units currently rent below market and have not received interior cosmetic updates in more than a decade, presenting a straightforward value-add opportunity to reposition the finishes and push rents towards the top-of-market. 10685-10695 W 12th Pl can also be purchased in tandem with the five-unit property across the street located at 10750 W 12th Pl.
Location
State CO
County Jefferson
Rooms
Basement Partial
Interior
Heating Baseboard
Cooling Air Conditioning-Room
Fireplace N
Exterior
Exterior Feature Private Yard
Garage Spaces 3.0
Fence Partial
Roof Type Other
Total Parking Spaces 3
Garage Yes
Building
Sewer Public Sewer
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Eiber
Middle Schools Creighton
High Schools Lakewood
School District Jefferson County R-1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None