9640 W 23rd AVE Lakewood, CO 80215

9640-9642 W 23rd Ave is an attractive duplex nestled in the Morse Park Neighborhood, a peaceful Lakewood haven. This income property is an ideal location just minutes from Crown Hill Park, with nearby Colfax Ave retail & restaurants, all while being in perfect proximity to Denver?s major arterial highways (6th, I-70, and I-25). With an expansive 6 bedrooms and 2 baths in one of the units, the property is currently under-rented. Investors also have the ability to add value by lightly renovating the units to increase revenue. Tenants are currently on month-month leases.

INVESTMENT SUMMARY
Price: $865,000
Total Units: 2
Price/Unit: $432,500
Current Cap Rate: 5.76%
Market Proforma Cap Rate: 8.05%