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$1,320,000
Est. payment /mo
5,132 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,132 sqft
Price per Sqft $257
MLS Listing ID 9308132
HOA Y/N No
Year Built 1969
Annual Tax Amount $4,707
Tax Year 2024
Lot Size 0.346 Acres
Acres 0.35
Property Sub-Type Multi Family
Source recolorado
Property Description
10750 W 12th Place in Lakewood is a side-by-side, ranch-style 5-unit property owned by the same family for 51 years. The layout feels more like townhomes than apartments, offering each resident a private entry, backyard, and greater sense of privacy. The quiet residential location in the Eiber Neighborhood is just a few blocks from both Oak Street Station and Sunset Park, while being 15 minutes from both Downtown Denver and I-70.
Tenants pay for their own gas, electricity, and trash, limiting owner expenses to just property taxes, insurance, water/sewer, and general maintenance. A zeroscaped front yard further reduces water and landscaping needs, keeping operating costs low.
Rents remain below market due to long-term ownership and tenancy, with all residents on month-to-month leases. The property presents clear upside through rent increases, monetizing the four garages, and completing Unit 5's third bedroom. With its low-maintenance setup and desirable Lakewood location, the property offers investors a clear and straightforward value-add opportunity. 10750 W 12th Pl may also be acquired with the duplex across the street at 10685–10695 W 12th Pl.
PROPERTY HIGHLIGHTS
• Single ownership for 51 years provides stability and signals untapped upside with longterm tenants on below-market leases
• Side-by-side ranch lives like townhomes, giving tenants private entrances and backyards
• Tenants directly pay for gas, electric, and trash, keeping owner expenses light
• Great unit mix of 2 & 3 bedroom units
• Immediate value-add: below-market rents, four rentable garages, and the option to finish Unit 5's third bedroom
• Can be purchased along with duplex across the street at 10685-95 W 12th Pl
UNIT AMENITIES
• Spacious units - two bookend units live like townhomes
• Each unit has its own private, dedicated backyard space
• Zeroscaped front yard for year-round low maintenance
• New roof installed in 2024
• Four of five units have its own garage
Tenants pay for their own gas, electricity, and trash, limiting owner expenses to just property taxes, insurance, water/sewer, and general maintenance. A zeroscaped front yard further reduces water and landscaping needs, keeping operating costs low.
Rents remain below market due to long-term ownership and tenancy, with all residents on month-to-month leases. The property presents clear upside through rent increases, monetizing the four garages, and completing Unit 5's third bedroom. With its low-maintenance setup and desirable Lakewood location, the property offers investors a clear and straightforward value-add opportunity. 10750 W 12th Pl may also be acquired with the duplex across the street at 10685–10695 W 12th Pl.
PROPERTY HIGHLIGHTS
• Single ownership for 51 years provides stability and signals untapped upside with longterm tenants on below-market leases
• Side-by-side ranch lives like townhomes, giving tenants private entrances and backyards
• Tenants directly pay for gas, electric, and trash, keeping owner expenses light
• Great unit mix of 2 & 3 bedroom units
• Immediate value-add: below-market rents, four rentable garages, and the option to finish Unit 5's third bedroom
• Can be purchased along with duplex across the street at 10685-95 W 12th Pl
UNIT AMENITIES
• Spacious units - two bookend units live like townhomes
• Each unit has its own private, dedicated backyard space
• Zeroscaped front yard for year-round low maintenance
• New roof installed in 2024
• Four of five units have its own garage
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Garage Spaces 4.0
Roof Type Unknown
Total Parking Spaces 12
Garage Yes
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Kaufman Hagan