CO > Lakewood
Lakewood, CO 80214,1045 Balsam ST
Lakewood, CO 80214,1045 Balsam ST
Lakewood, CO 80214,1045 Balsam ST
Lakewood, CO 80214,1045 Balsam ST
Lakewood, CO 80214,1045 Balsam ST
Lakewood, CO 80214,1045 Balsam ST
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Francisco Cano

Francisco Cano

+1(303) 882-4323
$ 1,800,000
Est. payment | /mo

8,590 SqFt

Save
$ 1,800,000
Est. payment | /mo
Save

8,590 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,590 sqft

Price per Sqft $209

MLS Listing ID 3283710

Style Traditional

HOA Y/N No

Year Built 1960

Annual Tax Amount $8,661

Tax Year 2024

Lot Size 0.458 Acres

Acres 0.46

Property Sub-Type Multi Family

Source recolorado

Property Description

Located in the heart of Lakewood, Colorado, 1045 Balsam Street is an 11-unit multifamily property offering a strong value-add opportunity for investors. The unit mix consist of one studio, four one-bedroom/one-bath units, and six two-bedroom/two-bath units, providing a diverse range of options for tenants in a highly sought-after rental market. The property is well-positioned for upside through both interior/exterior renovations and rental increases. Current rents are below market, and updating the units offers a clear path to enhancing both income and asset value. The location is another key strength, with convenient access to major roadways and public transportation. This property represents a rare chance to acquire a well-located multifamily asset with immediate potential for increased cash flow and long-term appreciation. With strong rental demand in the area and a clear opportunity to improve performance through strategic upgrades, 1045 Balsam Street is a compelling addition to any investment portfolio.

Location

State CO

County Jefferson

Interior

Fireplace N

Exterior

Utilities Available Cable Available, Electricity Connected, Sewer Connected

Roof Type Membrane

Total Parking Spaces 26

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Unique Properties LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(303) 882-4323

fcano.denver@gmail.com

999 18th St. Suite 3000 Denver, CO 80202

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1045 Balsam ST