West 12th Place Duplex Portfolio

10311-10391 W 12th Pl
Lakewood, CO 80215

Portfolio Addresses
10311, 10312, 10342 & 10381 W 12th Pl
Lakewood, CO 80215
List Price
$3,360,000
# Units
8
Price/Unit
$420,000
Gross Building Area
7,704 SF (Avg. 1,930 SF)
Price/SF
$218
In-Place Cap Rate
6.18%
Market Cap Rate
7.92%

Description

The West 12th Place Duplex Portfolio offers a unique investment opportunity in Lakewood’s rapidly growing residential Eiber neighborhood, which is nestled between the mountains and Downtown Denver. The portfolio consists of four duplexes on a quiet cul-de-sac, which provide a total of eight units that cater to the housing needs of Lakewood families.

All eight units offer 4 bedrooms and 2 bathrooms and finished basements, which provide spacious living arrangements. These properties provide the residents the feel of living in a large house with private backyards/patios. Residents are attracted to the secure neighborhood, expansive local park, and convenient access to major roads and the light rail system.

All four properties offer huge upside potential as current rental income is well below the market rate while benefiting from their unique unit mix, desirable location, and the increasing demand for housing in Lakewood presenting a compelling investment opportunity.

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