About 1675 Upham Street
Cushman & Wakefield is proud to present 1675 Upham Street, a compelling value-add multifamily investment opportunity in the heart of Lakewood, Colorado - a high-demand submarket within the Denver Metro. This 8-unit, two-story brick apartment building, constructed in 1961, is strategically located just off Wadsworth Bouldevard and Colfax Avenue, offering both strong tenant demand and long-term upside potential. The unit mix consists of one studio, six 1-bedroom/1-bath units, and one 2-bedroom/1-bath unit, with an average unit size of 610 SF. Additionally, the ownership has recently implemented utility bill-backs to tenants, enhancing NOI with no operational distrubution. Recent capital improvements include a new roof, new boiler, updated gutters and downspouts, selective new appliances and fixtures, and the addition of six basement storage units-all contributing to stabilized operations and lower near-term capex exposure. With strong physical fundamentals and embedded income growth, 1675 Upham Street is ideally suited for an investor seeking durable in-place cash flow with a clear path to value creation through unit renovations and operational optimization.
