Average square foot calculated using Size range provided by listing agent.
Description
A rare opportunity to acquire a fully renovated 134-unit apartment building with 5 retail storefronts, ideally located just blocks from the highly sought-after Lakewood neighborhood! This expansive property has recently completed a full interior and common area renovation, featuring modern vinyl flooring, stylish kitchen and bathroom upgrades, fresh paint, and updated amenities throughout. Offering a mix of studios, one-bedrooms, and two-bedroom units — all with consistent, contemporary finishes — the building is experiencing a strong lease-up phase after their recent construction overhaul, thanks in part to an on-site leasing agent. Of the five retail storefronts, three are white-boxed and ready for new tenants, while one is currently leased on a month-to-month basis at under-market rent. The owner currently pays all utilities, and the building operates on a boiler heat and water system — a major value-add for tenants that enhances appeal. Tenants enjoy the unbeatable value of living steps away from Lakewood at a more affordable price point, making this an exceptional investment with upside potential. Seller is open to offering short-term seller financing with attractive terms: 24-month interest-only financing at 6% up to 20% of the purchase price.Show Description
MLS® Number5115362
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1910
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatHot Water, Steam
A/C
Heating Fuel
Extras
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