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La Ronja

Lakewood, CO

About this property

La Ronja Apartments is a 40-unit multifamily community in Lakewood, CO. This 1961-built
property offers a terrific selection of amenities including a common area with grills, as well as high-speed internet, A/C, and units that
include oven, range, microwave, refrigerator, and tub/shower. There is plenty of on-site, surface parking available at a ratio of 1.8 per
unit. The property shares an access easement with Two Creeks Crossing (1230 Pierce Street).
Residents at La Ronja enjoy living in the central Lakewood area with direct access to Sheridan Boulevard which offers easy access to
multiple major highways/interstates including I-70, I-25, & Hwy-85. Lakewood has already seen major developments in recent years,
including Belmar, and is promised to be a significant focus of development in coming years.

No. of Units

40

Key Metrics

Projected IRR: 14.2%

Projected ROI: 17.0%

Purchase Date

January 26, 2023

Hold Period

5 Years

Acquisition Price

$7,550,000

Year Built

1961

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