8609 W 54th Place, Arvada

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!

Marcum Commercial Advisors.

Essential Information

MLS® #5776650

Price$900,000

Bedrooms8

Bathrooms4.00

Square Footage3,584

Acres0.17

Year Built1961

TypeIncome

Sub-TypeQuadplex

StatusActive

Community Information

Address8609 W 54th Place

SubdivisionGARNEAL ACRES

CityArvada

CountyJefferson

StateCO

Zip Code80002

Utilities

Cable Available, Electricity Connected

Interior

HeatingForced Air

CoolingEvaporative Cooling

StoriesOne

Has BasementYes

BasementExterior Entry

Exterior

Exterior FeaturesPrivate Yard

RoofArchitecural Shingle

School Information

DistrictJefferson County R-1

ElementaryArvada K-8

MiddleArvada K-8

HighArvada

Additional Information

Date ListedMarch 20th, 2024

Parking Spaces4

ParkingAsphalt

Listing Details

Marcum Commercial Advisors

Property History

Mar. 21Status Changed from Coming Soon to Active