1175 S Ames Street

1175 S Ames Street sits in a quiet Lakewood pocket that's minutes from Belmar — 22 walkable blocks of shops, restaurants, and a theater that give renters a downtown feel without downtown prices. Green Mountain Park and Bear Creek Lake Park put hiking, biking, and water within a short drive, while 6th Ave, Wadsworth, and RTD service make the Denver commute simple. It's a mature infill market with almost no new low-rise product being built — the kind of supply constraint that keeps well-located garden assets occupied.A low-rise multifamily asset in an infill Lakewood submarket where new supply is effectively capped and tenants rent for lifestyle, not just price. Belmar walkability and mountain access pull from two different renter pools, giving the property a demand base that doesn't depend on undercutting the market on rent. Below-market in-place rents and dated interiors leave a clear value-add runway for an operator willing to run the standard kitchen, bath, and flooring playbook. At a scale that suits a 1031 buyer, small syndicate, or local owner-operator, this is a hard asset in a submarket where comparable new construction simply doesn't pencil.