245 Otis Ct Lakewood, CO 80226
North Alameda NeighborhoodEstimated payment $5,025/month
Highlights
- No HOA
- Forced Air Heating System
- 4-minute walk to O’Kane Park
- Cul-De-Sac
- Carpet
About This Home
Unlock Your Investment Potential with 245-255 Otis Duplex income property. This property currently has one unit occupied at $2,800 a month and the second unit purposely left vacant for a potential owner occupant. With dual income potential, you can live in one unit and rent out the other, or rent both while covering your mortgage and living expenses with ease. Both units feature modern kitchens with stainless steel appliances, contemporary bathrooms, and fresh finishes throughout, making them ideal for comfortable living. Spacious layouts fill each unit with natural light, creating inviting spaces. The duplex also offers privacy, with separate entrances for each unit, ideal for multi-generational living or renting. Located in a vibrant Lakewood neighborhood, you'll have easy access to shopping, dining, and public transportation. The backyard provides the perfect space to relax, entertain, and enjoy summer gatherings. This property qualifies for up to $13,000 in lender credit via the Community Reinvestment Act, see Agent remarks for details. Schedule your showing today and take the first step toward financial freedom with 245-255 Otis!
Listing Agent
West Rock Realty, LLC Brokerage Email: ANDYHICKSDENVER@GMAIL.COM,303-808-2217 License #100028722
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,413
Year Built
- Built in 1971
Lot Details
- 0.3 Acre Lot
- 1 Common Wall
- Cul-De-Sac
Home Design
- Duplex
- Frame Construction
- Architectural Shingle Roof
- Membrane Roofing
Interior Spaces
- 2-Story Property
- Finished Basement
Kitchen
- Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Parking Spaces
- 4 Carport Spaces
Schools
- Stein Elementary School
- Alameda Int'l Middle School
- Alameda Int'l High School
Utilities
- No Cooling
- Forced Air Heating System
Listing and Financial Details
- Exclusions: Tenant's personal property if any
- The owner pays for insurance, taxes
- Assessor Parcel Number 094886
Community Details
Overview
- No Home Owners Association
- Lakewood Terrace Subdivision
Building Details
- Operating Expense $5,334
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,413 | $37,845 | $16,490 | $21,355 |
| 2023 | $3,413 | $37,845 | $16,490 | $21,355 |
| 2022 | $2,763 | $29,955 | $13,480 | $16,475 |
| 2021 | $2,865 | $31,497 | $14,174 | $17,323 |
| 2020 | $2,545 | $28,107 | $12,173 | $15,934 |
| 2019 | $2,512 | $28,107 | $12,173 | $15,934 |
| 2018 | $2,339 | $25,314 | $7,825 | $17,489 |
| 2017 | $2,056 | $25,314 | $7,825 | $17,489 |
| 2016 | $1,951 | $22,407 | $6,304 | $16,103 |
| 2015 | $1,648 | $22,407 | $6,304 | $16,103 |
| 2014 | $1,648 | $17,345 | $5,349 | $11,996 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/11/2025 02/11/25 | For Sale | $849,500 | -- | $238 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $347,500 | Heritage Title Company | |
| Warranty Deed | $278,700 | Land Title | |
| Warranty Deed | $219,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $296,219 | Commercial | |
| Closed | $363,300 | Commercial | |
| Previous Owner | $21,326 | Unknown | |
| Previous Owner | $20,791 | Unknown | |
| Previous Owner | $274,394 | FHA | |
| Previous Owner | $274,394 | FHA | |
| Previous Owner | $197,500 | Unknown | |
| Previous Owner | $197,100 | No Value Available |
Source: REcolorado®
MLS Number: 7991142
APN: 49-122-15-025
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