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Listing Courtesy of: Ralph Beatty - Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc. 303-328-2050

$1,200,000

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8987 W 54th Place Arvada, CO 80002

Multi-Family Residence

Beds

Baths

3,705 Sq. Ft.

0.4 Acre Lot

Property Activity

Time on Site

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Days on Market

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Last updated on 11/14/2024 10:38 AM

Listing Details

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 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. Continue reading

MLS#

7764715

Property Type

Multi-Family

Status

Year Built

1960

Square Feet

3,705 sq. ft

Lot Size

0.4

Sewer