Strong in-place income meets long-term upside at 1600 Carr Street. This fully leased Lakewood fourplex offers investors an attractive 7.3% cap rate from day one, combining turnkey rental income with future value-add potential. The property features three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with all four units currently leased. Each residence offers its own private, fenced outdoor space, while an exceptional 18 off-street parking spaces provide added convenience and flexibility. The property’s mixed-use zoning allows for both residential and commercial uses, giving a future owner the opportunity to maintain the existing income-producing multifamily configuration or explore additional strategies, subject to City of Lakewood requirements and approvals. Conveniently located just minutes from Casa Bonita and Lakewood Country Club and approximately 15 minutes from Sloan’s Lake, the property offers easy access to popular dining, recreation, and nearby Denver amenities. With strong in-place cash flow, full occupancy, substantial off-street parking, flexible zoning, and additional upside potential, 1600 Carr Street presents a compelling opportunity for investors seeking a turnkey Lakewood asset with room to add value over time.