5350-5360 Everett St | Arvada, CO 80002
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5350-5360 Everett St
Arvada, CO 80002
Parkview Village West · Multifamily Property For Sale
·
54 Units
INVESTMENT HIGHLIGHTS
- Rare Opportunity to Acquire Income Restricted Housing in Arvada, CO
- Just One Mile from Olde Town Arvada & Light Rail Station
- Value-Add Opportunity: Convert Remaining 33% of Property to Section 8 Vouchers Beginning in Year 2
- Priced Well Below Replacement Cost at Only $131k/ Unit & $173/SF
- Land Use Restriction Agreement (LURA) Runs With Property Until June 2040
- 6.15% Year 2 CAP Rate (Tenant Rents Cannot Increase for 12 Months After Closing)
PROPERTY FACTS
| No. Units | 54 | Building Size | 41,040 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Lot Size | 1.83 AC | ||
| Zoning | R24 | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.83 AC |
| Building Size | 41,040 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R24 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Smoke Free
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Grill
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | $1,027 | - |
| 2+2 | 18 | $1,239 | - |
PROPERTY TAXES
| Parcel Number | 39-151-16-001 | Improvements Assessment | $638,214 |
| Land Assessment | $106,805 | Total Assessment | $745,019 |
PROPERTY TAXES
Parcel Number
39-151-16-001
Land Assessment
$106,805
Improvements Assessment
$638,214
Total Assessment
$745,019
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