8662-8682 W 51st Ave - Apartments FOR SALE


Arvada, CO 80002- I-70 Corridor
$3,000,000 USD
303-520-6840
8662-8682 W 51st Ave, Arvada, CO for Sale
$3,000,000 USD
Apartments - FOR SALE
1/17
null | 5.89% Cap Rate

8662-8682 W 51st Ave
Arvada, CO 80002
I-70 Corridor


HIGHLIGHTS

  • This well-maintained property attracts greatlong-term tenants because of the upkeep, location and affordability. There are typically very low vacancy
  • Townhouse style

OVERVIEW

Thereare(3)4-Plexes,8662,8672,8682W.51stAve.Rareturnkeyopportunityforaninvestortoacquire3four-plex 1 / 30 Listing eeae(3)4ees,866,86,8685steaetueyoppotutyoaestotoacque3oupebuildings in Arvada, Colorado with below market rents with upside potential. This well-maintained property attracts greatlong-term tenants because of the upkeep, location and affordability. There are typically very low vacancies. This propertyis 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. Fineoffers a peaceful lake and grassy areas. The property is surrounded by single family homes and not high-density rentalunits. • 12 units, 2-bedroom 1 bathroom, ~900 square feet • Nearly all units have been updated with new kitchens, newflooring, new paint, and/or new bathrooms. • Open floorplan with 12x12 kitchen and 12x14 family room • Lots of commongrass areas for picnics or volleyball • Open parking lot with tons of room to park • Each of the three buildings has a centralboiler for dual-zone radiant heat. Most of the 24 zone valves have been replaced in the past 10 years • Each unit has aseparate electrical meter, averaging the tenants $30-$50/month • Shared laundry room with 2 new commercial washersand 3 driers. Setup for coin or a payment app • Newer shed with lots of supplies, tools and replacement parts • All unitelectrical panels replaced in 2025 • Newer windows

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

12

PRICE/UNIT

$250,000

CAP RATE

5.89%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dover Gardens

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-3, Jefferson

APN/PARCEL ID

39-154-04-141

ASK ABOUT THIS PROPERTY

Ryan PrattHomeSmartMore Info
303-520-6840

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Ryan PrattHomeSmartMore Info
303-520-6840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.