10750 W 12th Pl, Lakewood, CO 80215

Property Description

10750 W 12th Place in Lakewood is a side-by-side, ranch-style 5-unit property owned by the same family for 51 years. The layout feels more like townhomes than apartments, offering each resident a private entry, backyard, and greater sense of privacy. The quiet residential location in the Eiber Neighborhood is just a few blocks from both Oak Street Station and Sunset Park, while being 15 minutes from both Downtown Denver and I-70. Tenants pay for their own gas, electricity, and trash, limiting owner expenses to just property taxes, insurance, water/sewer, and general maintenance. A zeroscaped front yard further reduces water and landscaping needs, keeping operating costs low. Rents remain below market due to long-term ownership and tenancy, with all residents on month-to-month leases. The property presents clear upside through rent increases, monetizing the four garages, and completing Unit 5’s third bedroom. With its low-maintenance setup and desirable Lakewood location, the property offers investors a clear and straightforward value-add opportunity. 10750 W 12th Pl may also be acquired with the duplex across the street at 10685–10695 W 12th Pl. PROPERTY HIGHLIGHTS • Single ownership for 51 years provides stability and signals untapped upside with longterm tenants on below-market leases • Side-by-side ranch lives like townhomes, giving tenants private entrances and backyards • Tenants directly pay for gas, electric, and trash, keeping owner expenses light • Great unit mix of 2 & 3 bedroom units • Immediate value-add: below-market rents, four rentable garages, and the option to finish Unit 5’s third bedroom • Can be purchased along with duplex across the street at 10685-95 W 12th Pl UNIT AMENITIES • Spacious units - two bookend units live like townhomes • Each unit has its own private, dedicated backyard space • Zeroscaped front yard for year-round low maintenance • New roof installed in 2024 • Four of five units have its own garage