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Investment Highlights
- Beautifully Renovated, Turn-Key Asset with Newer: Kitchens, Bathrooms, Floors, Roof, Windows, and Parking Lot
- Just 2.14% Vacancy in Past 12 Months
- (6) Large Storage Lockers Provide Additional Income
- 7.26% Current CAP Rate!
- Mostly 2Bd/1Ba and 2Bd/2Ba Units
- Only ½ Mile from Olde Town Arvada Boasting Trendy Bars, Restaurants & Entertainment
Executive Summary
JUST LISTED! Turnkey 6-unit multifamily asset in Arvada. Mostly 2Bd/1Ba and 2Bd/2Ba units, all beautifully renovated. The property has maintained an exceptionally low 2.14% vacancy rate over the past 12 months, and is currently offered at a 7.26% CAP rate.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$119,946
|
$21.04
|
| Other Income |
$1,248
|
$0.22
|
| Vacancy Loss |
$2,599
|
$0.46
|
| Effective Gross Income |
$118,595
|
$20.81
|
| Taxes |
$7,556
|
$1.33
|
| Operating Expenses |
$29,308
|
$5.14
|
| Total Expenses |
$36,864
|
$6.47
|
| Net Operating Income |
$81,731
|
$14.34
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $119,946 |
| Annual Per SF | $21.04 |
| Other Income | |
|---|---|
| Annual | $1,248 |
| Annual Per SF | $0.22 |
| Vacancy Loss | |
|---|---|
| Annual | $2,599 |
| Annual Per SF | $0.46 |
| Effective Gross Income | |
|---|---|
| Annual | $118,595 |
| Annual Per SF | $20.81 |
| Taxes | |
|---|---|
| Annual | $7,556 |
| Annual Per SF | $1.33 |
| Operating Expenses | |
|---|---|
| Annual | $29,308 |
| Annual Per SF | $5.14 |
| Total Expenses | |
|---|---|
| Annual | $36,864 |
| Annual Per SF | $6.47 |
| Net Operating Income | |
|---|---|
| Annual | $81,731 |
| Annual Per SF | $14.34 |
Property Facts
| Price | $1,125,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 7.26% | Building Size | 5,700 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2017 |
| Property Subtype | Apartment | Parking Ratio | 2.28/1,000 SF |
| Price | $1,125,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 5,700 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2017 |
| Parking Ratio | 2.28/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Wi-Fi
- Freezer
- Large Bedrooms
Site Amenities
- Laundry Facilities
- Storage Space
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,268 | 750 |
| 2+1 | 3 | $1,763 | 900 |
| 2+2 | 2 | $1,720 | 900 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 39-113-02-010 | Total Assessment | $73,279 |
| Land Assessment | $26,875 | Annual Taxes | $7,556 ($1.33/SF) |
| Improvements Assessment | $46,404 | Tax Year | 2025 |
Property Taxes
Parcel Number
39-113-02-010
Land Assessment
$26,875
Improvements Assessment
$46,404
Total Assessment
$73,279
Annual Taxes
$7,556 ($1.33/SF)
Tax Year
2025
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