Commercial Sale · Active

About This Property

717 Oak Street is a six-unit multifamily property located in Lakewood’s Daniels / Majestic Heights area, just north of 6th Avenue

and near Kipling. The property consists of four two-bedroom and two one-bedroom units in a single 1961-vintage brick building, roughly 0.7 miles from the Oak Station W Line light rail platform. Interior finishes have been updated across the unit mix with oak hardwood flooring, tiled kitchens and baths, and modern cabinetry, positioning the asset above comparable Lakewood product. The site provides controlled-access entry, on-site laundry, off-street parking, and the property backs up to green space. 717 Oak Street offers investors a stabilized Lakewood asset with rental upside, strong tenant appeal, and continued long-term growth potential.

PROPERTY HIGHLIGHTs

- Well-located Lakewood asset with a diverse unit mix of mostly 2-bedroom units

- Majority of unit renovations have been completed over the past three years

- Fully occupied property with the opportunity to push rents as renewal comes up

- On-site laundry, off-street parking, and open green space

- Great opportunity for owner-manager to remove management expense

UNIT AMENITIES

- Renovated units including oak hardwood flooring throughout and updated kitchens and bathrooms

- Efficient unit layouts with ceiling fans in each unit

- Open green space for tenant enjoyment

- 24-hour controlled-access building entry

- On-site laundry

- Off-street paved parking

Property Details

Location