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Downtown Golden Duplex - Arapahoe St. 606 Arapahoe St

2 Unit Apartment Building $2,350,000 ($1,175,000/Unit) 5.12% Cap Rate Golden, CO 80403

Investment Highlights

  • New construction rental opportunity
  • Student rental opportunity in market where rental demand far outpaces supply
  • Prime downtown Golden location, walkable to everything Golden has to offer

Executive Summary

Prime Downtown Golden location! Walkable to everything Golden has to offer...School of Mines, Washington Ave, trails, Clear Creek, and Coorstek's new $900MM mixed-use redevelopment under the name Clayworks. This duplex including two 5 bedroom units is perfect for an investor seeking to add student housing, workforce housing, and market rate units to their portfolio.
604 & 606 Arapahoe is new construction and CofO is anticipated in August 2024. There is no HOA. Fully subdivided including separate water/sewer taps, gas, and electric. All appliances included with the exception of washer and dryer.

Property Facts

Price $2,350,000
Price Per Unit $1,175,000
Sale Type Investment
Cap Rate 5.12%
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Building Class B
Lot Size 0.22 AC
Building Size 2,803 SF
No. Stories 2
Year Built 2024
Parking Ratio 2.85/1,000 SF
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R2
R2
  • Listing ID: 32695020

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 606 Arapahoe St, Golden, CO 80403

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