61 Newland ST Lakewood, CO 80226

Calling all INVESTORS!! CAP RATE of 5%!!!!! This investment opportunity is ready to produce income with NO additional capital expenditures! Unit '61' has been recently renovated. Update includes: shaker style kitchen cabinets complimented with quartz countertops and stainless steel appliances. Hardwood floors, new paint updated bathrooms! Newer roof, furnace, and hot water heater. The '61' unit is 3 bedroom and 1 bathroom with in-unit laundry. Current rent is $1,995 with lease expiring 4/21/24.
The '63' unit is 3 bedrooms and 1 bathroom with in unit laundry. Current rent is $1,795 with lease expiring 5/31/24.
This opportunity is perfect for an investor that wants to take on an easy to manage asset. 1 mile to Belmar Shopping Center, across from O'Kane Park, only 6.5 miles to Coors Field. INTERESTED IN MORE INCOME? The property around the corner is also FOR SALE (27-29 Newland Ct.). Opportunity to own all 4 units! Property is tenant occupied. Showings will be held by listing agent.