8987 W 54th Pl - Apartments FOR SALE


Arvada, CO 80002- Arvada Plaza Area
$1,200,000 USD
303-328-2041
8987 W 54th Pl, Arvada, CO for Sale
$1,200,000 USD
Apartments - FOR SALE
1/10
null | 6.06% Cap Rate

8987 W 54th Pl
Arvada, CO 80002
Arvada Plaza Area


HIGHLIGHTS

  • Well-Maintained Community
  • Individually Metered for Gas and Electric
  • Five Fully Renovated Units
  • Newer Furnaces and Water Heaters
  • Newer Windows

OVERVIEW

Marcus & Millichap has been selected to exclusively market for sale 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 at 8987 W 54th Place 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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

6.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,206 SF

ZONING

-

APN/PARCEL ID

39-151-18-008

ASK ABOUT THIS PROPERTY

Boomer BeattyMarcus & MillichapMore Info
303-328-2041

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

Boomer BeattyMarcus & MillichapMore Info
303-328-2041

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