1950 Independence St, Lakewood, CO 80215 (MLS # 6011062)

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View Virtual Tour PRICE $640,000 BEDS 5 BATHS 3 HOME SIZE 2,362 sqft LOT SIZE 12,633 sqft Request More Info Schedule a Showing

MUST WATCH VIDEO VOICEOVER WALKING TOUR! Click the Virtual Tour link or search the property address on YouTube to watch the full tour! Great investment opportunity with this classic 1960 brick ranch-style duplex offering two spacious units, each with its own garage space in the shared two-car garage. Unit 1950 features 3 bedrooms, 2 bathrooms and a basement, while unit 1960 unit offers 2 bedrooms and 1 bathroom. Both units feature functional kitchens, reasonably maintained bathrooms and tremendous potential with some cosmetic updating. New flooring is needed in portions of the property, making this an excellent opportunity to add value through improvements. Recent exterior upgrades include a brand-new concrete driveway and new front walkways. Attractive brick construction, gas hot water heat and separate water heaters for each unit, installed in 2019 and 2020. The heating boiler may need servicing or replacement. Based on preliminary rental research, potential rents are roughly estimated at approximately $2,000 to $2,500 per unit monthly, depending on unit size, condition and improvements. Buyers should independently verify rental potential and property condition. A wonderful opportunity to own a classic duplex with strong income potential and room to build equity through thoughtful improvements. Property is being sold by the Jefferson County Deputy Public Administrator.