8987 W 54th Pl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
8987 W 54th Pl
6 Unit Apartment Building $1,200,000 ($200,000/Unit) 6.06% Cap Rate Arvada, CO 80002
Investment Highlights
- Well-Maintained Community
- Five Fully Renovated Units
- Newer Windows
- Individually Metered for Gas and Electric
- Newer Furnaces and Water Heaters
Executive Summary
Marcus & Millichap has been selected to exclusively market for sale 8987 W 54th Place, a well-maintained 6-unit apartment community in the thriving city of Arvada, Colorado. Situated on 0.4 acres, the subject property was originally constructed in 1960, offering its tenants a healthy mix of one-bedroom and two-bedroom units. The unit mix consists of four large one-bedroom units and two two-bedroom units. The property is professionally maintained and has had a number of recent upgrades which include new windows, all new furnaces, water heaters and updated landscaping. The remodel includes refinished hardwood floors, quartz countertops, new cabinets, new bathrooms, ceiling fans and a fresh coat of paint. Residents at 8987 W 54th Place have easy access to many convenient community amenities including off-street parking and nearby shopping, such as Costco, Home Depot, and Sam’s Club. Residents are next to Terrace Park and 1.5 miles from Olde Town Arvada. The investment appeal of this asset is driven by the strong employment fundamentals, low vacancy levels, and rapidly expanding rental demand in Arvada, Colorado. This well-located asset, just minutes from downtown Denver, presents an attractive choice for central Colorado renters.
Property Facts
| Price | $1,200,000 | Building Class | B |
| Price Per Unit | $200,000 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 3,650 SF |
| Cap Rate | 6.06% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2018 |
| Property Subtype | Apartment | Parking Ratio | 2.74/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.39 AC |
| Building Size | 3,650 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2018 |
| Parking Ratio | 2.74/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Cable Ready
- Ceiling Fans
- Hardwood Floors
- Tub/Shower
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,295 | 550 |
| 1+2 | 2 | $1,425 | 775 |
1 of 1
PROPERTY TAXES
| Parcel Number | 39-151-18-008 | Improvements Assessment | $39,832 |
| Land Assessment | $23,055 | Total Assessment | $62,887 |
PROPERTY TAXES
Parcel Number
39-151-18-008
Land Assessment
$23,055
Improvements Assessment
$39,832
Total Assessment
$62,887
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
8987 W 54th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.