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The Brian Petrelli Team HUD Metro Brokers lakewood Real Estate Team

Local Experts for lakewood Homes

Virtual Tour For:
5645 w 5th avenue lakewood, CO 80226

Beds: 6   Baths: 2   Price: $750,000   Status: Active
Property Description:"calling out" to all landlords & investors. amazing opportunity to own both sides of a "very rentable lakewood duplex" which has been a hugely successful income stream for the past two decades. 5655 w 5th ave is currently empty & staged for viewings 5645 is currently rented on a month to month lease & the current renters would like to stay if the buyers is willing to create a new lease & keep them on. they have been excellent tenants for the past 3 years & have been maintaining the yard to the highest of standards. each side of the duplex (which are mirror images of each other) feature an open floor plan; the kitchen, through to the dining area, to the living room at the front, south facing so floods the home w/natural sun light. 2 nice sized bedrooms and a full bath complete the main level. freshly painted with all appliances included. both sides are in excellent condition & have been meticulously cared for over the years by the current owners. each unit boasts their own a/c systems & sump pumps. in 5645 the owners have added 2 additional non-conforming, but very usable bedrooms, to the partially finished basement. each bsmnt offers up over 800 sqft a piece w/tons of potential for further build out & increased income stream. currently they house laundry, a huge amount of flex space. in the past few years single sides of these lakewood duplexes (their are many of them in the area) have sold for over $500 k so the asking price for both sides @ $750k is arguably a screaming deal. live in one rent out the other or start your rental portfolio off with a bang. easy access to the mountains & downtown denver via sheridan and 6th ave parkway. parking is plentiful w/each unit's attached one car garage.+ two additional driveway spaces & parking for two more vehicles in the "street bays" directly in front of the units. note:5th ave is nicely buffered by the office retail buildings & open space to the north. hurry! opportunity knocks.......experience & vision opens the door!