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Allison Apartments

Lakewood, CO

About this property

The Allison West Apartments, a 24-unit multifamily property in Lakewood, Colorado. The property features
desireable amenities, including on-site laundry, storage space, on-site management, newer energy-efficient windows, and one parking space per unit.
Residents of The Allison West Apartments 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 (1.9 miles), Red Rocks Community College (5.3 miles),
Metropolitan University (7.7 miles), and the University of Denver (8.0 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 four miles away (a 10-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 down 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

24

Key Metrics

Projected IRR: 14.2%

Projected ROI: 17.0%

Purchase Date

January 26, 2023

Hold Period

5 Years

Acquisition Price

$3,950,000

Year Built

1962

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