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Scandia Apartments 9990 W 59th Pl 12 Unit Apartment Building $1,775,000 ($147,917/Unit) 5.64% Cap Rate Arvada, CO 80004
Investment Highlights
- Well-located
- Well-maintained
- Predominately 2-bedroom units
- Ample parking
Executive Summary
9990 W. 59th Place presents an exceptional investment opportunity in the Arvada market. This well-maintained multifamily property consists of 12 total units, featuring 2 one-bedroom units and 10 two-bedroom units, catering to a broad range of tenants seeking spacious, comfortable living.
Located in a quiet residential neighborhood, the property offers residents the perfect balance of suburban tranquility and urban convenience. It is just minutes from Olde Town Arvada, the city’s historic downtown area known for its charming shops, diverse dining options, entertainment venues, and easy access to the RTD G Line commuter rail. This prime location not only enhances tenant demand but also supports strong long-term rental growth.
Located in a quiet residential neighborhood, the property offers residents the perfect balance of suburban tranquility and urban convenience. It is just minutes from Olde Town Arvada, the city’s historic downtown area known for its charming shops, diverse dining options, entertainment venues, and easy access to the RTD G Line commuter rail. This prime location not only enhances tenant demand but also supports strong long-term rental growth.
Property Facts
| Price | $1,775,000 | Apartment Style | Low-Rise |
| Price Per Unit | $147,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 5.64% | Building Size | 9,408 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
| Zoning | R-M | ||
| Price | $1,775,000 |
| Price Per Unit | $147,917 |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 9,408 SF |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | R-M |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 550 |
| 2+1 | 10 | - | 791 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 39-094-04-005 | Improvements Assessment | $134,843 |
| Land Assessment | $22,688 | Total Assessment | $157,531 |
Property Taxes
Parcel Number
39-094-04-005
Land Assessment
$22,688
Improvements Assessment
$134,843
Total Assessment
$157,531
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Scandia Apartments | 9990 W 59th Pl
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