36
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$3,950,000
Est. payment /mo
16,164 SqFt
Price Dropped by $300K
1600 & 1601 Garland & Garrison ST Lakewood, CO 80226
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,164 sqft
Price per Sqft $244
MLS Listing ID 2178426
HOA Y/N No
Year Built 1962
Annual Tax Amount $17,322
Tax Year 2024
Property Sub-Type Multi Family
Source recolorado
Property Description
MMG is pleased to present the opportunity to purchase 1600-1604 Garland St & 1601 Garrison St, a 22-unit multifamily portfolio. This asset features an exceptional unit mix, attracting a diverse tenant demographic and providing strong leasing potential. Investors can execute a value-add strategy through unit renovations, introduce a utility bill-back system to optimize operating expenses, and
stabilize rental rates to align with the competitive market. These enhancements will position the property for maximized cash flow
and long-term asset appreciation in a high-demand Lakewood submarket.
stabilize rental rates to align with the competitive market. These enhancements will position the property for maximized cash flow
and long-term asset appreciation in a high-demand Lakewood submarket.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Total Parking Spaces 40
Garage No
Building
Sewer Public Sewer
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by MMGREA LLC
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Angela Knight
REALTOR® | CRS | MRP | ABR® | CMAS | SRS | LHC | License ID: CO: EA1313250 | PA: RS369282