Multifamily
Hearthstone Flats
5361 Everett St, Arvada, CO 80002
Listing Price: $3,800,000
Investment Overview
Hearthstone Flats is a fully renovated apartment community in the heart of Arvada, just minutes from Olde Town Arvada, Arvada Market Place, and I-70. The property has been thoughtfully updated with new LVT flooring, modern kitchens and baths, stainless steel appliances, and upgraded interior finishes throughout, complemented by on-site laundry, off-street parking, and a quiet, park-like setting. With new roof, gutters, stairs, and sewer lines all installed within the past several years, the asset offers a turnkey physical plant with limited near-term capital needs. In-place rents remain well below surrounding renovated comparables, creating a clear path to meaningful NOI growth through natural lease turnover and strategic rent adjustments, without the execution risk of heavy renovation.
Hearthstone Flats
Investment Highlights
- Fully renovated 22-unit asset with modern interiors and major system upgrades, offering a true turnkey investment with minimal near-term capital needs.
- In-place rents below renovated comps, providing clear upside through lease turnover and rent growth without heavy renovation risk.
- Prime Arvada location near Olde Town and I-70, benefiting from strong rental demand, suburban growth, and convenient access to major amenities.
Exclusively Listed By
Listing Price: $3,800,000
Investment Highlights
- Fully renovated 22-unit asset with modern interiors and major system upgrades, offering a true turnkey investment with minimal near-term capital needs.
- In-place rents below renovated comps, providing clear upside through lease turnover and rent growth without heavy renovation risk.
- Prime Arvada location near Olde Town and I-70, benefiting from strong rental demand, suburban growth, and convenient access to major amenities.
Investment Overview
Hearthstone Flats is a fully renovated apartment community in the heart of Arvada, just minutes from Olde Town Arvada, Arvada Market Place, and I-70. The property has been thoughtfully updated with new LVT flooring, modern kitchens and baths, stainless steel appliances, and upgraded interior finishes throughout, complemented by on-site laundry, off-street parking, and a quiet, park-like setting. With new roof, gutters, stairs, and sewer lines all installed within the past several years, the asset offers a turnkey physical plant with limited near-term capital needs. In-place rents remain well below surrounding renovated comparables, creating a clear path to meaningful NOI growth through natural lease turnover and strategic rent adjustments, without the execution risk of heavy renovation.
Exclusively Listed By
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