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Cinnamon Ridge Apartments 7655 W 67th Ave 69 Unit Apartment Building For Sale Arvada, CO 80004
Investment Highlights
- ESTABLISHED COMMUNITY WITH STRONG RESIDENT APPEAL
- VALUE ADD OPPORTUNITY
- EXCEPTIONAL WALKABILITY & EVERYDAY CONVENIENCE
- PRIME ARVADA LOCATION
- SIGNIFCANT CAPITAL UPGRADES AND LIMITED NEAR-TERM CAP EX
- STRONG DEMOGRAPHICS & LONG-TERM GROWTH FUNDAMENTALS
Executive Summary
Cushman & Wakefield is pleased to present Cinnamon Ridge Apartments, a well maintained 69-unit multifamily community located at 7655 W. 67th Avenue in the heart of Arvada, Colorado. Originally constructed in 1967, the property offers investors the rare opportunity to acquire a stable apartment community in one of Denver's most desirable suburban markets, benefiting from strong renter demand, limited barriers to entry, and exceptional long-term fundamentals.
Cinnamon Ridge offers spacious apartment homes in clean, well-maintained condition, complemented by desirable community amenities including a landscaped courtyard, barbecue area, on-site laundry facilities, ample off-street parking, and attractive mountain and courtyard views. 75% of unit interiors have had flooring and fixtures updated. Beyond that, unit interiors remain largely in original, basic condition, presenting a clear value-add opportunity for a new owner to modernize kitchens and bathrooms. The Arvada submarket has demonstrated a strong ability to absorb renovated units at solid rent premiums, positioning Cinnamon Ridge as an attractive candidate for a targeted capital improvement program.
The property's highly accessible location places residents just minutes from Olde Town Arvada, Downtown Denver, and major employment centers via Wadsworth Boulevard, Interstate 70, and nearby RTD G Line commuter rail stations. Daily conveniences are within walking distance, including grocery stores, restaurants, retail shopping, and neighborhood services. Outdoor recreation is abundant with nearby parks, trails, and open space, further enhancing the property's lifestyle appeal.
An additional advantage is the property's immediate adjacency to Arvada High School, creating a stable residential environment and making the community particularly attractive to families seeking convenient access to education. The surrounding area is supported by strong household incomes, high homeownership costs, and continued population growth, all of which reinforce long-term multifamily demand and provide an attractive backdrop for future rental growth.
Cinnamon Ridge offers spacious apartment homes in clean, well-maintained condition, complemented by desirable community amenities including a landscaped courtyard, barbecue area, on-site laundry facilities, ample off-street parking, and attractive mountain and courtyard views. 75% of unit interiors have had flooring and fixtures updated. Beyond that, unit interiors remain largely in original, basic condition, presenting a clear value-add opportunity for a new owner to modernize kitchens and bathrooms. The Arvada submarket has demonstrated a strong ability to absorb renovated units at solid rent premiums, positioning Cinnamon Ridge as an attractive candidate for a targeted capital improvement program.
The property's highly accessible location places residents just minutes from Olde Town Arvada, Downtown Denver, and major employment centers via Wadsworth Boulevard, Interstate 70, and nearby RTD G Line commuter rail stations. Daily conveniences are within walking distance, including grocery stores, restaurants, retail shopping, and neighborhood services. Outdoor recreation is abundant with nearby parks, trails, and open space, further enhancing the property's lifestyle appeal.
An additional advantage is the property's immediate adjacency to Arvada High School, creating a stable residential environment and making the community particularly attractive to families seeking convenient access to education. The surrounding area is supported by strong household incomes, high homeownership costs, and continued population growth, all of which reinforce long-term multifamily demand and provide an attractive backdrop for future rental growth.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 1.58 AC |
| No. Units | 69 | Building Size | 55,204 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Sale Type | Investment |
| No. Units | 69 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.58 AC |
| Building Size | 55,204 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built | 1967 |
| Parking Ratio | 1.74/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Picnic Area
- Elevator
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 23 | - | 647 |
| 2+1 | 45 | - | 816 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 39-023-00-013 | Improvements Assessment | $617,553 |
| Land Assessment | $86,031 | Total Assessment | $703,584 |
Property Taxes
Parcel Number
39-023-00-013
Land Assessment
$86,031
Improvements Assessment
$617,553
Total Assessment
$703,584
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