Skip to main content

Multifamily

Lampliter Apartments

375 S Depew St, Lakewood, CO 80226

Listing Price: $8,800,000

Cap Rate
5.92%
Number of Units
41
GRM
11.56
Occupancy
94.0%
Price/Unit
$214,634

Investment Overview

The Lampliter is a well-maintained, 41-unit apartment community located in Lakewood, Colorado just south of Alameda Avenue and one mile east of the popular Belmar District. This two-story exterior walk-up has a diversified unit mix of one- and two-bedroom units and one three-bedroom unit. Many of the units have updated kitchens and bathrooms, hard surface vinyl plank flooring and all units have double-paned windows.
The property has a large on-site laundry facility with income-producing washer and dryers (property owned) and additional storage for residents. This investment has a solid brick exterior with a composite shingle pitched roof (approximately eight years old) and each unit is individually metered for electric. There is a central boiler that provides heat and hot water. The building sits on a sprawling 1.72 acre lot, residents enjoy a large professionally landscaped courtyard and abundant off-street parking. The Lampliter is in close proximity to the Belmar District, considered the city center for Lakewood. It offers restaurants, shopping, entertainment, and other services.

Investment Highlights

  • Well-Maintained; Pride of Ownership
  • Assumable 4.05% Financing Available
  • Beautiful Landscaped Common Area
  • All-Brick Exterior; Pitched Roof; Double-Paned Windows
  • On-Site, Income-Producing Laundry Facility
  • Strong Value-Add by Increasing Rents to Market and Adding RUBS
  • One Mile East of Belmar District??

Exclusively Listed By

Financing By

Multifamily

Lampliter Apartments

Listing Price: $8,800,000

Cap Rate
5.92%
Number of Units
41
GRM
11.56
Occupancy
94.0%
Price/Unit
$214,634

Investment Highlights

  • Well-Maintained; Pride of Ownership
  • Assumable 4.05% Financing Available
  • Beautiful Landscaped Common Area
  • All-Brick Exterior; Pitched Roof; Double-Paned Windows
  • On-Site, Income-Producing Laundry Facility
  • Strong Value-Add by Increasing Rents to Market and Adding RUBS
  • One Mile East of Belmar District??

Investment Overview

The Lampliter is a well-maintained, 41-unit apartment community located in Lakewood, Colorado just south of Alameda Avenue and one mile east of the popular Belmar District. This two-story exterior walk-up has a diversified unit mix of one- and two-bedroom units and one three-bedroom unit. Many of the units have updated kitchens and bathrooms, hard surface vinyl plank flooring and all units have double-paned windows. The property has a large on-site laundry facility with income-producing washer and dryers (property owned) and additional storage for residents. This investment has a solid brick exterior with a composite shingle pitched roof (approximately eight years old) and each unit is individually metered for electric. There is a central boiler that provides heat and hot water. The building sits on a sprawling 1.72 acre lot, residents enjoy a large professionally landscaped courtyard and abundant off-street parking. The Lampliter is in close proximity to the Belmar District, considered the city center for Lakewood. It offers restaurants, shopping, entertainment, and other services.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower