7120 W 16 Place Lakewood, CO
$ 800,000
Property Attributes
  • MLS#5204961
  • TypeContingent
  • CityLakewood
  • NeighborhoodGRANDVIEW
  • Zip80214
  • StyleContemporaryModern
  • Year Built1954
  • Taxes2662
  • Price$ 800,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2850
  • Lot Size12,632 SqFt
Listing Provided Courtesy Of:
Property Description

BACK ON THE MARKET!! FANTASTIC OPPORTUNITY - FOUR PLEX FOR SALE JUST SET BACK AND COLLECT THE RENTAL INCOME, ALL THE UPGRADES ARE COMPLETE. Two units have Section 8 tenants in place, The Housing Authority deposits the rents in your account monthly (HOUSING AUTHORITY PORTION ONLY) COLLECT BALCNCE OF THE RENT FROM THE SECTION 8 TENANTS All units remodeled in 2016, all units have identical Hickory Kitchen cabinets with stainless steel appliances, tiled kitchen backsplashes & flooring, Onyx Shower Surround kits (lifetime warranty from manufacturer) furnace and water heaters replaced in 2015. New roof in 2017, egress windows in the two garden units, (2) one car garages, fenced yards. Owner owns the Coin Operated Washer & Dryer in Laundry room and is included in the sale. The Section 8 tenant in 7120A has been there since Jan 2016, and the Section 8 tenant in 7130A has been there since Aug 2019. 7120B is currently vacant and being listed to rent for $1250 per month. 7130B tenant has been there since November 2018 and is currently month to month with no plans on leaving. 7120A W 16TH PL - HOUSING AUTHORITY PAYS $839.00 TENANT PAYS $611.00 - LANDLORD PAYS 1/2 GAS BILL 7130A W 16TH PL - HOUSING AUTHORITY PAYS $1333.00 TENANT PAYS $127.00 - LANDLORD PAYS 1/2 GAS BILL Landlord pays for 1/2 the gas bill for the Section 8 tenants in 7120A & 7130A. Landlord also pays for Water, Sewer, and Trash. The Listing Broker is the Owner. This will be a 1031 PROPERTY EXCHANGE.

Elementary School Middle School High School
Lumberg Elementary School Jefferson Middle School Jefferson High School
Price History
10/29/2020 Listed $800,000

General Features

Appliances Dryer, Dishwasher, Disposal, GasWaterHeater, Refrigerator, RangeHood, SelfCleaningOven, Washer
Architectural Style ContemporaryModern
Association Amenities CoinLaundry
Association Y/N No
Attached Garage Yes
Carport Spaces 0.0
Carport Y/N No
Cooling None
Elementary School Lumberg
Flooring Carpet, Tile
Garage Spaces 2.0
Garage Y/N Yes
Heating ForcedAir, NaturalGas
High School Jefferson
High School District Jefferson County R-1
Interior Features LaminateCounters
Junior High Jefferson
Levels MultiSplit
Ownership Individual
Parking Features Driveway, Gravel
Property SubType Quadruplex
Property Type ResidentialIncome
Roof Architectural, Shingle
Security Features CarbonMonoxideDetectors, SmokeDetectors
Structure Type Quadruplex
Terms Cash, Conventional, Item1031Exchange, Other
Total Units 4
Zoning MGU

Interior Features

Above Grade Finished Area 1450.0
Above Grade Finished Area Source PublicRecords
Air Conditioning Y/N No
Basement Daylight, ExteriorEntry, Finished, BathStubbed, WalkOutAccess
Basement (Y/N) Yes
Below Grade Finished Area 1400.0
Below Grade Finished Area Source PublicRecords
Heating Y/N Yes
Laundry Features CommonArea, InBasement
Living Area 2850.0
Window Features DoublePaneWindows

Exterior Features

Building Area Total 2900.0
Covered Spaces 0.0
Fencing Full
Foundation Details ConcretePerimeter, Slab
Lot Size Acres 0.29
Lot Size Square Feet 12601.0
Road Surface Type Paved
Total Parking 2.0


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80214

AVG $560K
AVG $3,093
AVG 46
Year Built
AVG 1968
AVG 52
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.