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8609 W 54th Pl

Arvada, CO 80002

8 beds
4 baths
3,584 sqft
7,476 sqft lot
$251 per sqft
1961 build
– on site

JUST LISTED! Opportunity to purchase this 4-unit apartment building in close proximity to Olde Town Arvada with quick access to I70 and Wadsworth. When fully occupied the property CAP rate is 5.43% with the opportunity to raise rents of 3/4 units within the first year. The property offers a strong unit mix of 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath units. Tenants can take advantage of the fenced-in common space out back and plenty of off-street parking spaces. The property is adjacent to Terrace Park. The roof is 4 years old. This property would be a great opportunity for a seasoned investor or someone looking to live in one unit and have tenants offset your mortgage. Please reach out to Jake Lowell to set up a showing today!

Listing courtesy of IRES

Last checked: Checking… • Last updated Mar 21, 2024 •

MLS# 5776650 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1961
New Construction:

false
Construction Materials:

Brick/Brick Veneer
Architectural Style:

Ranch
Direction Faces:

South
Stories:

1
Levels:

One
Roof:

Fiberglass
Basement:

Walk-Out Access
# of Units Total:

4
Building Area Total:

3584
Total SqFt:

3584
Above Grade Finished Area:

1792
Below Grade Finished Area:

1792

Room Dimensions

Living Area:

3584
Living Area Units:

Square Feet
Living Area Source:

Assessor

Location

Coordinates:

-105.093338, 39.795513
Latitude:

39.795513
Longitude:

-105.093338

The Property

Property Type:

Residential Income
Property Subtype:

Income Property
Lot Size Acres:

0.17
Lot Size SqFt:

7476
Lot Size Area:

7476
Lot Size Units:

Square Feet
Exclusions:

Tenants Personal Belongings
Horse:

false
Fencing:

Partial
Water Source:

City Water
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

4593

Beds

Bedrooms Total:

8

Baths

Total Baths:

4

The Listing

Special Listing Conditions:

Private Owner
Buyer's Brokerage Compensation:

2.50

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Evaporative Cooling
Cooling:

true

Utilities

Utilities:

Electricity Available
Electric:

Electric
Sewer:

City Sewer

Schools

Elementary School:

Arvada K-8
Middle Or Junior School:

Arvada K-8
High School:

Arvada
High School District:

Jefferson County R-1

The Community

Subdivision Name:

GARNEAL ACRES
Senior Community:

false
Association:

false

Parking

Garage:

true
Attached Garage:

false
Garage Type:

Off Street
Garage Spaces:

4
Covered Spaces:

4
Other Parking:

Parking Per Unit(1 Space/Unit)

Extra Units

Bedrooms Unit 1:

2
Total Baths Unit 1:

1
Bedrooms Unit 2:

1
Total Baths Unit 2:

1
Bedrooms Unit 3:

3
Total Baths Unit 3:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/21/24 Mar 21, 2024	Listed / Active	IRES	$900,000

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This multifamily located in Arvada Plaza Area, Arvada, CO 80002 is currently for sale for $900,000. 8609 W 54th Pl is a 3,584 square foot multifamily with 8 beds and 4 baths that has been on Estately for 45 days. 8609 W 54th Pl is in the Arvada Plaza Area neighborhood of Arvada and has a WalkScore® of 33, making it car-dependent. This multifamily is in the attendance area of Arvada K 8 School, Arvada High School, The Manning School, Dennison Elementary School, Warren Tech, Mclain High School, Long View High School, and Brady Exploration.

Listing Courtesy of: IRES

TERMS OF USE: listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.