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Multifamily

8609 W 54th Pl

8609 W 54th Pl, Arvada, CO 80002

Listing Price: $930,000

Cap Rate
5.84%
Number of Units
4
GRM
12.02
Occupancy
95.0%
Price/Unit
$232,500
Price/Gross SF
$259.05
Gross SF
3,590

Investment Overview

Marcus and Millichap is pleased to present a 4-unit apartment complex in the heart of Arvada. The property consists of (4) two-bedroom/one-bathroom units. The interior upgrades include new plank flooring, paint, countertops, and cabinets. Other amenities include off street parking, a fenced in backyard, and completely remodeled bathrooms. The property features new windows, large units, and individual meters for gas/electricity. The surrounding area features multiple parks, convenient access to the mountains, and numerous retail shops, schools, and restaurants.

Investment Highlights

  • Prime Location & Market Demand -Located in the heart of Arvada, CO, near parks, retail centers, schools, and restaurants, ensuring strong rental demand.
  • Value-Add Opportunity -Current rents below market rates, providing potential for rent increases as leases turn over, improving cash flow and asset value.
  • Strong Return Potential -This property offers an attractive yield with room for growth, making it a compelling investment with solid appreciation potential and increasing cash flow over time.

Exclusively Listed By

Financing By

Multifamily

8609 W 54th Pl

Listing Price: $930,000

Cap Rate
5.84%
Number of Units
4
GRM
12.02
Occupancy
95.0%
Price/Unit
$232,500
Price/Gross SF
$259.05
Gross SF
3,590

Investment Highlights

  • Prime Location & Market Demand -Located in the heart of Arvada, CO, near parks, retail centers, schools, and restaurants, ensuring strong rental demand.
  • Value-Add Opportunity -Current rents below market rates, providing potential for rent increases as leases turn over, improving cash flow and asset value.
  • Strong Return Potential -This property offers an attractive yield with room for growth, making it a compelling investment with solid appreciation potential and increasing cash flow over time.

Investment Overview

Marcus and Millichap is pleased to present a 4-unit apartment complex in the heart of Arvada. The property consists of (4) two-bedroom/one-bathroom units. The interior upgrades include new plank flooring, paint, countertops, and cabinets. Other amenities include off street parking, a fenced in backyard, and completely remodeled bathrooms. The property features new windows, large units, and individual meters for gas/electricity. The surrounding area features multiple parks, convenient access to the mountains, and numerous retail shops, schools, and restaurants.

Exclusively Listed By

Financing By

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