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12155 W 58th Pl
Arvada, CO 80004
Village West Apartments · Multifamily Property For Sale
·
58 Units
PROPERTY FACTS
| No. Units | 58 | Building Size | 54,100 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1972/2016 |
| Building Class | B | Parking Ratio | 1.99/1,000 SF |
| Lot Size | 2.36 AC | ||
| Zoning | R24 | ||
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.36 AC |
| Building Size | 54,100 SF |
| Average Occupancy | 66% |
| No. Stories | 3 |
| Year Built/Renovated | 1972/2016 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | R24 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Carpet
- Pantry
- Patio
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Pool
- Grill
- Laundry Service
- Package Service
ABOUT 12155 W 58TH PL , ARVADA, CO 80004
Newmark Knight Frank Multifamily is pleased to present qualified investors the opportunity to purchase Village West, a 58-unit community located in Arvada, Colorado. Built in 1972, the community has received of $1,100,000 in capital improvements to major systems, exteriors, and interiors. Unit interiors consist of spacious fully renovated one and two-bedroom apartment homes averaging 932 square feet. Improvements include updated paint scheme, new black appliance, white painted capinets, new tile backsplash, resurfaced countertops, six-panel doors, new grey vinyl plank flooring, new sliding doors, decks, and ground floor patios. While the property is fully renovated, rents are still significantly below market. Current market rents command $1,451 per month or $1.70 per square foot, while Village West is currently achieving $1,238 per month or $1.33 per square foot. Village West is perfectly located in a highly desirable western location. Nearby amenities include; easy access to the mountains, Olde Town Arvada, highly rated schools, and the Ward Road commuter light rail station. With the recent opening of the Gold Commuter Rail Line, residents can easily access more than 172,000 jobs in downtown Denver in 30 minutes or less.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 730 |
| 2+2 | 48 | - | 975 |
PROPERTY TAXES
| Parcel Number | 39-084-15-001 | Improvements Assessment | $751,140 |
| Land Assessment | $137,712 | Total Assessment | $888,852 |
PROPERTY TAXES
