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$459,000

For Sale - Active
10652 W Florida Ave Apt D, Lakewood, CO 80232
3 Beds
3 Baths
1,890 Square Feet
0.02 Acres Lot
Built in 1974
For Sale - Active
1 Units
Checked: 23 hours ago
Updated: Jun 14, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
-$1,274
Cap Rate
3.0%
Cash-on-Cash Return
-14.5%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-10.0%

Property Description


0.02 Acres Lot
Built in 1974
For Sale - Active
1 Units

PRIME LOCATION IN LAKE LOCHWOOD VILLAGE!! Welcome to this spacious 2-story townhome with a finished basement, ideally situated in the highly sought-after Lake Lochwood Village community. Tucked away in a quiet, secluded section of the neighborhood, this home is just steps from the community pool and scenic trail leading to Smith Reservoir. Offering 3-Bedrooms & 3 Bathrooms. This home features a main level with Living Room with gas fireplace and large window that allow for lots of natural light, adjoining dining room with sliding glass door that opens to fenced in private patio, kitchen with granite counters, breakfast bar, and pantry. All appliances stay. Powder room and laundry room are also conveniently located on the main level. Upstairs, the spacious primary bedroom with private access to the updated bathroom with shower with tile surround and new vanity. Large primary bedroom has its own extra vanity with sink. Upper level also features 2nd bedroom with it’s own access to the Jack and Jill style bath. The finished basement adds more living space with a large family room, 3rd bedroom, ¾ bath, and storage room. Relax and enjoy the fenced in private patio. Great place to enjoy morning coffee. Attached 1-car garage with 2 entrances into the home and a reserved parking spot #652D next to unit plus extra guest parking spots. New furnace and A/C in 2024. Enjoy the well-maintained grounds and great location- steps away to Smith reservoir. Close proximity to Bear Creek Lake Park, Morrison, red rocks, Chatfield reservoir, shopping, bus, and restaurants. Easy access to C-470, 285, and 6th ave to get to The Mountains, The Tech Center or Downtown Denver. Enjoy low maintenance living in this home that is located in this beautiful community.

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Concrete, Attached
  • Garage Spaces: 1
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: K&C Assoc-Lake Lochwood Village
  • HOA Fee: $485/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 4921407034
  • Lot Size: 871 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary
  • Year Built: 1974

Tax Information

  • Annual Tax: $2,149

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Jefferson

Listing Details


Listed by:
Joyce Davis
Coldwell Banker Realty 56
(303) 235-0400

Source:
REColorado
MLS#: 8137565
REColorado

Investment Summary


Monthly Cash Flow
-$1,274
Cap Rate
3.0%
Cash-on-Cash Return
-14.5%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-10.0%

Purchase Details

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Purchase price:
$459,000
Amount financed:
-$367,200
Down payment:
$91,800
Closing costs:
$13,770
Rehab costs:
$0
Initial cash invested:
$105,570
Square feet:
1,890
Cost per square foot:
$243
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$367,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,404
Property tax:
$179
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,765

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$179-$2,149
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (19%)
19%-$485-$5,820
Total operating expenses: (51%)
51%-$1,314-$15,769

Cash Flow


Monthly Yearly
Net operating income:
$1,130 $13,560
Mortgage payments:
-$2,404 -$28,848
Cash flow:
$1,274 $15,288