717 Oak St
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717 Oak St
6 Unit Apartment Building $1,790,967 CAD ($298,495 CAD/Unit) 5.83% Cap Rate Lakewood, CO 80215
Investment Highlights
- Great Unit Mix - Mostly 2Bd Units
- Located in an Opportunity Zone on a Large Lot
- Excellent Neighborhood Demographics: $94k Average Household Income within 2 Mile Radius
- On-Site Laundry and Individual Storage Lockers
- Near Oak Street & Federal Center Light Rail Stations
- Can Be Purchased with 5275 W 1st Avenue & 1360 Zephyr Street
Executive Summary
717 Oak Street is a well-maintained 6-unit apartment building featuring a desirable unit mix, predominantly 2Bd/1Ba units. Located in an Opportunity Zone on a spacious lot, this property offers a range of tenant-friendly amenities, including on-site laundry facilities and individual storage lockers.
717 Oak Street is conveniently situated with quick access to the 6th Avenue highway, providing easy connectivity to downtown Denver and the surrounding areas.
This property can be purchased individually or as part of a portfolio with 1360 Zephyr Street and 5275 W 1st Ave, offering investors the opportunity to expand their holdings in a promising location.
717 Oak Street is conveniently situated with quick access to the 6th Avenue highway, providing easy connectivity to downtown Denver and the surrounding areas.
This property can be purchased individually or as part of a portfolio with 1360 Zephyr Street and 5275 W 1st Ave, offering investors the opportunity to expand their holdings in a promising location.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$135,943
|
$27.16
|
| Other Income |
$15,753
|
$3.15
|
| Vacancy Loss |
$3,809
|
$0.76
|
| Effective Gross Income |
$147,887
|
$29.54
|
| Taxes |
$10,888
|
$2.18
|
| Operating Expenses |
$32,444
|
$6.48
|
| Total Expenses |
$43,333
|
$8.66
|
| Net Operating Income |
$104,555
|
$20.89
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $135,943 |
| Annual Per SF | $27.16 |
| Other Income (CAD) | |
|---|---|
| Annual | $15,753 |
| Annual Per SF | $3.15 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,809 |
| Annual Per SF | $0.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $147,887 |
| Annual Per SF | $29.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,888 |
| Annual Per SF | $2.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $32,444 |
| Annual Per SF | $6.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $43,333 |
| Annual Per SF | $8.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $104,555 |
| Annual Per SF | $20.89 |
Property Facts
| Price | $1,790,967 CAD | Building Class | C |
| Price Per Unit | $298,495 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 5,006 SF |
| Cap Rate | 5.83% | No. Stories | 2 |
| No. Units | 6 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,790,967 CAD |
| Price Per Unit | $298,495 CAD |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 5,006 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,891 CAD | 650 |
| 2+1 | 4 | $2,044 CAD | 800 |
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PROPERTY TAXES
| Parcel Number | 49-044-18-019 | Total Assessment | $119,109 CAD (2023) |
| Land Assessment | $23,485 CAD (2023) | Annual Taxes | $10,888 CAD ($2.18 CAD/SF) |
| Improvements Assessment | $95,624 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-044-18-019
Land Assessment
$23,485 CAD (2023)
Improvements Assessment
$95,624 CAD (2023)
Total Assessment
$119,109 CAD (2023)
Annual Taxes
$10,888 CAD ($2.18 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | PP (PP) |
| PP (PP) |
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