8220 W 16th Place, Lakewood, CO, 80214

Priced Reduced! Cottonwood Apartments is an 18-unit apartment building built in 1959 located in the heart of Lakewood, Colorado. The all-brick interior hall building features 3 one-bedroom/one-bathroom units, and 15 spacious two-bedroom/one-bathroom units. Average unit size nearly 900 square feet. The property features an excellent central location, wood cabinetry, ample off -street parking, an on-site laundry room, central swamp cooling system, and spacious well designed floor plans. The property also includes a large open area on the southwest corner of the parcel that could be developed in the future, a large off -street parking lot and mature beautiful landscaping. Easy value-add option to increase rents over $150/unit/month with minor kitchen modernizations.
Turn-Key Opportunity Including Newer Roof, Gutters, Windows, Newer Boiler and Updated Interiors
Large, Well Landscaped Lot with Potential to Add 15 Units or Garages
Mostly Large, Two Bedroom Units
Less than One Mile to Wadsworth Lightrail Station