5350-5360 Everett St - Apartments FOR SALE
Arvada, CO 80002 |
5350-5360 Everett St
Arvada, CO 80002
HIGHLIGHTS
- Rare Opportunity to Acquire Income Restricted Housing in Arvada, CO
- Priced Well Below Replacement Cost at Only $131k/ Unit & $173/SF
- Just One Mile from Olde Town Arvada & Light Rail Station
- Land Use Restriction Agreement (LURA) Runs With Property Until June 2040
- Value-Add Opportunity: Convert Remaining 33% of Property to Section 8 Vouchers Beginning in Year 2
- 6.15% Year 2 CAP Rate (Tenant Rents Cannot Increase for 12 Months After Closing)
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Parkview Village West
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
41040
STORIES
3
YEAR BUILT
1972
PARKING SPACES
60
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
39-151-16-001
