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Ammons at Belmar

Lakewood, CO

About this property

Ammons at Belmar is a 14-unit multifamily property located in Lakewood, Colorado. The property consists of
12 two-bedroom units and two (2) three-bedroom units, which include state-of-the-art amenities such as shower and tub, private garage, ceiling fans, full
kitchens, hardwood floors, and much more. Built in 1951, the building offers 14 surface parking spaces in addition to the 14 garages.
Residents of the Ammons at Belmar enjoy the many local amenities that Lakewood has to offer. Many public schools are within walking distance, while
several univerisities are within walking or driving distance, including Colorado Christian University (0.4 miles), Red Rocks Community College (4.2 miles),
Metropolitan University (6.8 miles), and the University of Denver (9.2 miles). Lakewood offers terrific employment opportunities within close proximity; The
Denver Federal Center, home to 44 federal buildings on a 623-acre campus, and St. Anthony Hospital, a Level 1 Trauma Center hosting 224 beds, are both
major employers in the area and only three miles away (a seven-minute drive). Additionally, Downtown Denver and its Central Business District are located
approximately 15 minutes away by car or light rail. The property is conveniently located across the street from Belmar, one of Lakewood’s newest shopping
centers which includes dozens of restaurant and retail options, like In-N-Out Burger, Whole Foods Market, Nordstrom Rack, and much more.

No. of Units

14

Key Metrics

Projected IRR: 14.2%

Projected ROI: 17.0%

Purchase Date

January 26, 2023

Hold Period

5 Years

Acquisition Price

$3,100,000

Year Built

1951

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