8682 - 8662 W 51 St Ave, Home with 0 bedrooms, 0 bathrooms and 24 parking in Arvada CO | Image 1

$2,900,000

8682 - 8662 W 51 St Ave, Arvada, CO

Name: 8682 - 8662 W 51 St Ave, For Sale in Arvada - Zoocasa
Brand: homesmart
SKU: 7003098
Price: 2900000 CAD

Real Estate

For Sale

0024

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $4,051

Days Active 29

Approx. Age 1961

MLS® Number 7003098

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

There are (3) 4-Plexes, 8662, 8672, 8682 W. 51st Ave. 6.1% CAP rate at $2.9M Rare turnkey opportunity for an investor to acquire 3 four-plex buildings in Arvada, Colorado with below market rents with upside potential. This well-maintained property attracts great long-term tenants because of the upkeep, location and affordability. There are typically very low vacancies. This property is an opportunity for investors seeking stable, long-term returns in a growing market with year over year growth. Featuring attractive townhome style units with fenced patios, personal storage rooms, central laundry and recent updates, this property is a great add to any investor portfolio. Great location 1 mile to Olde Town Arvada with restaurants, bars, shops and a light rail station. The City of Arvada has improved the walking trails in front of the buildings, and Eben G. Fine offers a peaceful lake and grassy areas. The property is surrounded by single family homes and not high-density rental units. • 12 units, 2-bedroom 1 bathroom, ~900 square feet • Nearly all units have been updated with new kitchens, new flooring, new paint, and/or new bathrooms. • Open floorplan with 12x12 kitchen and 12x14 family room • Lots of common grass areas for picnics or volleyball • Open parking lot with tons of room to park • Each of the three buildings has a central boiler for dual-zone radiant heat. Most of the 24 zone valves have been replaced in the past 10 years • Each unit has a separate electrical meter, averaging the tenants $30-$50/month • Shared laundry room with 2 new commercial washers and 3 driers. Setup for coin or a payment app • Newer shed with lots of supplies, tools and replacement parts • All unit electrical panels replaced in 2025 • Newer windowsShow Description

MLS® Number7003098

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1961

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

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