The Lakewood 5 Portfolio is an excellent opportunity to acquire five fully renovated apartment properties in Lakewood, Colorado. The beautifully maintained properties were completely renovated approximately six years ago including new roofs, windows, new kitchens, new bathrooms, interior and exterior paint, appliances, landscaping, flooring, doors, and lighting. These gorgeous renovations make these apartments the nicest affordable rental option in this submarket. All of the properties are very close to the Lakewood light rail station and parking structure, which allows easy access to Golden and downtown Denver. All the properties are within walking distance to a park, shopping, coffee shops, dining, and grocery stores. Lakewood also hosts several of Colorado’s largest employers: Denver Federal Center, St. Anthony’s Medical Center, First Bank, and Home Advisor. In 2019, Lakewood voters approved an ordinance that limits development in the city to 1% of the city’s current housing stock. This measure applies to new apartments, condos, and single-family homes and also requires City Council approval for all projects that include 40 or more residential units. All of the properties have been underwritten by Greystone and have very attractive SBL financing available. The quotes in the Offering Memorandum will give a new buyer very attractive cash flow for the future.
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