1690 Eaton St is a highly appealing multifamily property located in Lakewood’s Edgewood neighborhood, boasting 16 extensively renovated units. The property has undergone significant updates to all major systems and capital expenditure items, ensuring minimal maintenance concerns for prospective investors.
One of its standout features is the unit mix, comprising exclusively of spacious 2-bedroom, 1-bathroom apartments, catering to a broad tenant demographic. With a 1.5 parking ratio and an attractive assumable loan, the property offers both stability and financial advantages.
Being a fully stabilized asset, it offers immediate rental income and holds the promise of long-term appreciation. Situated just three blocks from Sloan’s Lake and within walking distance of various dining and retail options, it offers tenants convenient access to amenities. Additionally, its proximity to the RTD-Lamar Station, less than a mile away, enhances its appeal to renters relying on public transportation.
Inside the units, 12 out of 16 have in-unit laundry, ensuring modern convenience. Upgrades like new windows and wall-mounted A/C units enhance energy efficiency and tenant comfort. The property also includes a spacious community yard, a dedicated laundry room, and ample space for communal activities like BBQs or a dog run.
1690 Eaton Street presents an enticing investment opportunity, blending meticulous renovations, a strategic location, and long-term potential to attract discerning investors.