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$ 1,200,000
Est. payment | /mo
0.4 Acres Lot
$ 1,200,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7764715
HOA Y/N No
Originating Board recolorado
Year Built 1960
Annual Tax Amount $5,514
Tax Year 2022
Lot Size 0.400 Acres
Acres 0.4
Property Description
8987 W 54th Place, a well-maintained 6-unit apartment community in the thriving city of Arvada, Colorado. Situated on 0.4 acres, the subject property was originally constructed in 1960, offering its tenants a healthy mix of one-bedroom and two-bedroom units.
The unit mix consists of four large one-bedroom units and two two-bedroom units. The property is professionally maintained and has had a number of recent upgrades which include new windows, all new furnaces, water heaters and updated landscaping. The remodel includes refinished hardwood floors, quartz countertops, new
cabinets, new bathrooms, ceiling fans and a fresh coat of paint.
Residents have easy access to many convenient community amenities including off-street parking and nearby shopping, such as Costco, Home Depot, and Sam’s Club. Residents are next to Terrace Park and 1.5 miles from Olde Town Arvada. The investment appeal of this asset is driven by the strong employment fundamentals, low vacancy levels, and rapidly expanding rental demand in Arvada, Colorado. This well-located asset, just minutes from downtown Denver, presents an attractive choice for central Colorado renters.
The unit mix consists of four large one-bedroom units and two two-bedroom units. The property is professionally maintained and has had a number of recent upgrades which include new windows, all new furnaces, water heaters and updated landscaping. The remodel includes refinished hardwood floors, quartz countertops, new
cabinets, new bathrooms, ceiling fans and a fresh coat of paint.
Residents have easy access to many convenient community amenities including off-street parking and nearby shopping, such as Costco, Home Depot, and Sam’s Club. Residents are next to Terrace Park and 1.5 miles from Olde Town Arvada. The investment appeal of this asset is driven by the strong employment fundamentals, low vacancy levels, and rapidly expanding rental demand in Arvada, Colorado. This well-located asset, just minutes from downtown Denver, presents an attractive choice for central Colorado renters.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Parking Features Asphalt
Roof Type Architecural Shingle
Total Parking Spaces 10
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. • Boomer.Beatty@marcusmillichap.com,949-633-4556