8987 W 54th, Arvada, CO 80002
8987 W 54th, Arvada, CO 80002
8987 W 54th, Arvada, CO 80002
8987 W 54th, Arvada, CO 80002
8987 W 54th, Arvada, CO 80002
8987 W 54th, Arvada, CO 80002
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Mark & Shey Stitt

Mark & Shey Stitt

+1(303) 870-8826
$ 1,165,000
Est. payment | /mo

3,705 SqFt

Save
$ 1,165,000
Est. payment | /mo
Save

3,705 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,705 sqft

Price per Sqft $314

MLS Listing ID 4144979

Style LowRise

Year Built 1960

Annual Tax Amount $5,514

Tax Year 2022

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type MultiFamily

Property Description

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. Units 2,3 and 4 have been completely remodeled. The remodel includes refinished hardwood floors, quartz countertops, new cabients, 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.

Location

State CO

County Jefferson

Exterior

Parking Features Asphalt

Roof Type Architectural,Shingle

Present Use MultiFamily

Street Surface Paved

Attached Garage false

Total Parking Spaces 10

Garage false

Building

Story 1

Sewer PublicSewer

Water Public

Architectural Style LowRise

Level or Stories One

Structure Type Brick

New Construction No

Others

Tax ID 3915118008

Acceptable Financing Conventional

Listing Terms Conventional

REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

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Mark & Shey Stitt

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mountainhomesincolorado@gmail.com

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8987 W 54th