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6449 Miller St
Arvada, CO 80004
The Reserve at Oak Park · Multifamily Property For Sale
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42 Units
Investment Highlights
- Every unit has been updated over the last 10 years with the exception of a few units (2-4)
- Significant CAPex spent on all balconies/porches
- The property sits on a 63,083 SF lot directly across the street from the brand new $6M - Arvada Tennis Center
- Most unit updates include flooring (plank vinyl and carpet), countertops, white or back appliances, new vanities and surrounds in bathrooms
- Opportunity to increase rents by $75-$125/unit/month in as-is condition
- Close proximity to King Soopers, Walmart and the new Ralston Creek Redevelopment
Property Facts
| No. Units | 42 | Building Size | 37,765 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1971/2016 |
| Building Class | C | Parking Ratio | 2.22/1,000 SF |
| Lot Size | 1.45 AC | ||
| Zoning | MF | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 37,765 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built/Renovated | 1971/2016 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | MF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 38 | - | 800 |
Property Taxes
| Parcel Number | 39-044-21-023 | Improvements Assessment | $472,501 |
| Land Assessment | $78,854 | Total Assessment | $551,355 |
Property Taxes
Parcel Number
39-044-21-023
Land Assessment
$78,854
Improvements Assessment
$472,501
Total Assessment
$551,355
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