8662-8682 W 51st AVE Arvada, CO 80002
10,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $277
MLS Listing ID 7003098
Style Traditional
HOA Y/N No
Year Built 1961
Annual Tax Amount $4,051
Tax Year 2024
Property Sub-Type Multi Family
Source recolorado
Property Description
Rare turnkey opportunity for an investor to acquire 3 four-plex buildings in Arvada, Colorado with below market rents with upside potential. This well-maintained property attracts great long-term tenants because of the upkeep, location and affordability. There are typically very low vacancies.
This property is an opportunity for investors seeking stable, long-term returns in a growing market with year over year growth. Featuring attractive townhome style units with fenced patios, personal storage rooms, central laundry and recent updates, this property is a great add to any investor portfolio.
Great location 1 mile to Olde Town Arvada with restaurants, bars, shops and a light rail station. The City of Arvada has improved the walking trails in front of the buildings, and Eben G. Fine offers a peaceful lake and grassy areas.
The property is surrounded by single family homes and not high-density rental units.
• 12 units, 2-bedroom 1 bathroom, ~900 square feet
• Nearly all units have been updated with new kitchens, new flooring, new paint, and/or new bathrooms.
• Open floorplan with 12x12 kitchen and 12x14 family room
• Lots of common grass areas for picnics or volleyball
• Open parking lot with tons of room to park
• Each of the three buildings has a central boiler for dual-zone radiant heat. Most of the 24 zone valves have been replaced in the past 10 years
• Each unit has a separate electrical meter, averaging the tenants $30-$50/month
• Shared laundry room with 2 new commercial washers and 3 driers. Setup for coin or a payment app
• Newer shed with lots of supplies, tools and replacement parts
• All unit electrical panels replaced in 2025
• Newer windows
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Parking Features Asphalt
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available, Sewer Connected
Roof Type Composition
Total Parking Spaces 24
Garage No
Building
Lot Description Irrigated, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Sewer Public Sewer
Water Public
Structure Type Brick,Frame,Wood Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA