Multifamily Property At 5580 West 4th Avenue Sold For $3.225 Million In Lakewood CO

A 13-unit multifamily property located at 5580 West 4th Avenue in Lakewood, Colorado, was sold for $3.225 million. The property spans 13,890 square feet, resulting in a price per unit of $248,077 and a price per square foot of $232.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,225,000
• Units: 13
• Square Footage: 13,890
• Price Per Unit: $248,077
• Price Per Square Foot: $232
• Market: Lakewood, CO
• Broker: Benton Adams - MMG

Seller financing facilitated the transaction amidst a tight lending market. The buyer intends to renovate the property, leveraging its rental potential in a desirable location near Denver and the mountains.