1435-1449 Depew Street
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1435-1449 Depew Street
2 Multifamily Properties Offered at $3,154,954 CAD in Lakewood, CO
Investment Highlights
- 12 – 1Br / 1Ba units. Covered land play until site plan approved with existing income
- 24,134 SF lot zoned MF ideal for redevelopment
- Located in Federal Opportunity Zone
- There are three existing 4-unit buildings totaling 12-units currently on the site
- MNU Zoning Designation allows for mixed commercial/residential uses with up to 45-foot building height
- Existing tenants are on rent vouchers (current owner is affordable based nonprofit organization)
Executive Summary
1435-1449 Depew Street includes three-four unit apartment buildings, totaling 12-units. The properties sit on a 24,134 SF lot zoned multifamily that is primed for redevelopment. Preliminary site review by architecture firm indicated that it’s possible to build a new 42-unit apartment building on the site, based on zoning requirements.
Property Facts
| Price | $3,154,954 CAD | Number of Properties | 2 |
| Price / SF | $497.94 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 6,336 SF |
| Sale Type | Investment | Total Land Area | 0.55 AC |
| Status | Active |
| Price | $3,154,954 CAD |
| Price / SF | $497.94 CAD / SF |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,336 SF |
| Total Land Area | 0.55 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1437-1449 Depew St, Lakewood, CO 80214 | Multifamily | 4,224 SF | 1951 | - |
| 1435 Depew St, Lakewood, CO 80214 | Multifamily | 2,112 SF | 1951 | - |
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1435-1449 Depew Street
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