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Avenue 59 Apartments 10165 W 59th Ave 16 Unit Apartment Building $2,710,000 ($169,375/Unit) 6.20% Cap Rate Arvada, CO 80004
Investment Highlights
- All 2-bedroom units
- Previously renovated
- Pitched roofs
- Well-located
Executive Summary
10165 W. 59th Avenue is a well-maintained multifamily asset in one of Arvada’s most sought-after neighborhoods. The property features 16 spacious two-bedroom units and ample parking.
Largely renovated several years ago, the property benefits from modern upgrades and has maintained its overall appeal.
Located in a prime part of Arvada, 10165 W. 59th Avenue is minutes from Olde Town Arvada, major transportation corridors, and a wide variety of retail, dining, and recreation options. Strong neighborhood fundamentals, combined with steady tenant demand for quality two-bedroom units, support this as a solid asset for any future investor.
Largely renovated several years ago, the property benefits from modern upgrades and has maintained its overall appeal.
Located in a prime part of Arvada, 10165 W. 59th Avenue is minutes from Olde Town Arvada, major transportation corridors, and a wide variety of retail, dining, and recreation options. Strong neighborhood fundamentals, combined with steady tenant demand for quality two-bedroom units, support this as a solid asset for any future investor.
Property Facts
| Price | $2,710,000 | Building Class | C |
| Price Per Unit | $169,375 | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 13,332 SF |
| Cap Rate | 6.20% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-M, Arvada - 1502 - Multi-Family Model 2 | ||
| Price | $2,710,000 |
| Price Per Unit | $169,375 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 13,332 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2021 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | R-M, Arvada - 1502 - Multi-Family Model 2 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 850 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 39-094-04-006 | Improvements Assessment | $159,331 |
| Land Assessment | $26,469 | Total Assessment | $185,800 |
Property Taxes
Parcel Number
39-094-04-006
Land Assessment
$26,469
Improvements Assessment
$159,331
Total Assessment
$185,800
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Avenue 59 Apartments | 10165 W 59th Ave
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