Investment Overview

Built in 1970, The Zephyr is a well-maintained 22-unit apartment community in Lakewood, Colorado. It is located just a five-minute walk from the Lakewood- Wadsworth Light Rail Station, which provides access to downtown Denver, Golden, and the surrounding metropolitan area. These two all-brick, turn-key buildings consist of 20 two-bedroom units and two one-bedroom units. 16 of the 22 units have large private balconies. The property has had significant capital improvements over the last 10 years including parking lot replacement, roof replacement, newer windows, new balconies, boiler upgrades, and washers and dryers. Select units have upgraded kitchens and bathrooms with vinyl plank flooring. Each building has an on-site income producing laundry facility (property owned) as well as separate storage for each unit. Each building has secured entry to interior hallways with video surveillance throughout the property. This property is at the end of a quiet culde- sac and has plenty of parking for residents. Each unit is individually metered for electric paid directly by residents. The buildings are master metered for gas, water and sewer usage. These are not currently, but can be, billed back to residents as a value-add for a new owner.