5815 Pierce St - Apartments FOR SALE


Arvada, CO 80003- Olde Town Arvada
$2,100,000 USD
303-881-4291
5815 Pierce St, Arvada, CO for Sale
$2,100,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

5815 Pierce St
Arvada, CO 80003
Olde Town Arvada


HIGHLIGHTS

  • Seller financing available for qualified investors
  • Located a half mile away from Olde Town Arvada
  • Large, townhome-style units with in-unit laundry
  • Strong local job market featuring an ideal mix of white and blue collar occupations
  • Excellent value-add opportunity

OVERVIEW

CBRE is pleased to present 5815 Pierce St, an eight-unit multifamily investment opportunity in Arvada, Colorado. Built in 1983, this asset has been under long-term ownership, allowing investors to take advantage of substantial increases in income and asset values through a systematic value-add approach. All eight units are individually deeded townhome-style, with two bedrooms and one and a half bathrooms. The basements currently have laundry hookups and the potential to add a third bedroom and second bathroom. Located just a half mile from Olde Town Arvada, 5815 Pierce St is surrounded by top retail and abundant employment. Nearby, historic Olde Town is the heart and soul of Arvada, with many dining, retail, and entertainment options and a light-rail station serving downtown Denver. 5815 Pierce St’s excellent suburban location and attractive unit layouts will continue to garner high renter demand. These factors and the immediate income upside create a compelling opportunity for investors to acquire a unique, well-located asset in one of the most desirable Denver suburbs.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pierce Plaza

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

523 SF

ZONING

R-M

APN/PARCEL ID

39-114-07-002,39-114-07-003,39-114-07-004,39-114-07-005,39-114-07-006,39-114-07-007,39-114-07-008,39-114-07-009

ASK ABOUT THIS PROPERTY

303-881-4291

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303-881-4291

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