Viewing Listing MLS# 7021949

  • $1,099,000
    Reduced -$151,000
  • 1657 Fenton Street
    Lakewood 80214
12Beds
6 Total Bath(s)
0:½0 Full Bath(s)
4,282Total SqFt
1958Year Built
0.29Acres
  • MLS# 7021949
  • Income
  • Income
  • Active

CountyJefferson

Agent Remarks

This property has serious potential! 6 x 2 bed 1 bath units all side by side backing to Walker Branch Park on the edge of Lakewood. All units are around 700sq-ft with hardwood floors and individual metering of gas and electric. Just 2 lots to the North there are new 4 story town homes, 5 streets to the east is Sloans Lake in Denver, and just a couple blocks north is the Edgewater area that has been redeveloped and you have shopping/dining/etc all within walking distance. 1 unit remodel complete on 10/1/2019 new photos added 10/1/2019.The rents in the area are higher than current rent being charged here, room to increase income. It is zoned M-R-U (city of Lakewood website) which allows for 60' structures and would give the owners mountain views over a park to the west without the possibility of future development blocking that view. The aerial panorama photos to the east and west are from 60' and show the actual view from the roof of such a future building.


Association Fees / Info

Association Fee Total Annual:  $0

Association Fee Tertiary Annual:  $0

Association Fee Secondary Annual:  $0

Association Fee Primary Annual:  $0

Bedroom Info

Beds:  12

Building Info

Year Built:  1958

Style Characteristics:  Side-by-Side

Structural Style:  Ranch/1 Story

Roof:  Composition Shingles

Construction Methods:  Brick

Construction:  Brick

Building Type:  5+ Plex (all units)

Building Area Source:  County Records

Business Info

Exterior

Roadsurface:  Paved Road

Acres:  0

County:  Jefferson

Financial

Maintenance Expense:  1,788

Is Incorporated Yn:  1

Insurance Expense:  3,785

Annual Net Income Proj:  61,000

Annual Net Income Actual:  43,738

Annual Income Proj:  78,000

Annual Income Actual:  60,731

Annual Expense Proj:  17,000

Annual Expense Actual:  16,993

Garage / Parking

Total Off Street Spaces: 

Parking Total Searchable:  10

Parking Features:  Driveway-Asphalt

Parking:  1

Income / Rental Info

Potential Rental Income Annual:  79,200

Gross Operating Income:  78,000

Interior

Laundry:  Ground

Laundry Availability:  Shared Laundry in Building

Kitchen Appliances:  Refrigerator (Kitchen), St

Floors:  Laminate, Wood

Lease Info

Lot Info

Zoning:  M-R-U

View:  Mountain View

Lot Size Sqft:  12,650

Room Info

Basement Size:  None

Basement Floor Type:  Crawl Space

Special Features

Site Features:  Adjacent to Park

SqFt Info

Sqft:  4,282

Sqft Finished:  4,280

Tax Info

Tax Year:  2018

Tax Amount:  4,025

Real Estate Taxes:  4,024

Unit Info

Unit Count:  1

Unit Access:  Courtyard, Exterior Access, Garden Level

Number Of Units Total:  6

Utilities / HVAC

Utilities:  Cable TV, Internet Access (Wired)

Heating Fuel:  Electric, Gas

Heating:  Forced Air

Cool System:  None

Waterfront / Water

Utilities:  Cable TV, Internet Access (Wired)

Heating Fuel:  Electric, Gas

Heating:  Forced Air

Cool System:  None

Schools

Provided courtesy of STERLING REAL ESTATE GROUP INC

Featured Lender

Wayne Tucker

Spectra Mortgage

303-468-1985
wtucker@spectramortgage.com
https://spectramortgage.com

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Price & Status History (on sterlinghomesofdenver.com since Fri, Aug 23rd 2019)
  • Original Price: $1,250,000
  • Current Price: $1,099,000
  • Price Reduced: $151,000
Date ChangedFromTo
10/14/2019$1,250,000 $1,099,000 Reduced by $151,000

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