7655 W 67th Ave - Apartments FOR SALE


Arvada, CO 80004
$14,000,000 USD
303-547-7357
7655 W 67th Ave, Arvada, CO for Sale
$14,000,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

7655 W 67th Ave
Arvada, CO 80004


HIGHLIGHTS

  • Twin T construction
  • Great unit mix with large floor plans
  • Elevator
  • Solar panels
  • All major systems have been improved
  • Clear path to bringing rents to market

OVERVIEW

Cinnamon Ridge Apartments is a well-maintained residential property located in the thriving city of Arvada, Colorado. This prime location offers residents the perfect blend of suburban charm and urban convenience, with easy access to nearby amenities, parks, shopping centers, and dining options. Arvada’s strong community atmosphere, coupled with its proximity to major employment centers and public transportation, makes it an attractive place for families and professionals alike. The local real estate market is experiencing steady growth, which further enhances the investment potential for Cinnamon Ridge Apartments. The property consists of 69 units, comprising 1 studio, 22 one-bedroom, and 46 two-bedroom apartment units. Additionally, there is a unique opportunity to convert the existing leasing office into a 70th unit. Recent substantial upgrades include a new roof, energy-efficient windows, an updated boiler, and modern electrical panels, which have improved the property’s appeal and operational efficiency. The management team has developed a clear strategy to improve rental rates consistent with the current condition of the property, while a new operator can identify opportunities through cosmetic renovations and achieve top of market rents.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

70

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cinnamon Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

-

APN/PARCEL ID

39-023-00-013

ASK ABOUT THIS PROPERTY

Brandon KaufmanKaufman HaganMore Info
303-547-7357

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Brandon KaufmanKaufman HaganMore Info
303-547-7357

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.