3,560 SqFt
3,560 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,560 sqft
Price per Sqft $280
Subdivision Garrison Lakes
MLS Listing ID 2529916
Style Contemporary
HOA Y/N No
Abv Grd Liv Area 890
Year Built 1961
Annual Tax Amount $4,051
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
There are (3) 4-Plexes, 8662, 8672, 8682 W. 51st Ave. 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 windows
Location
State CO
County Jefferson
Zoning R-3
Interior
Heating Baseboard, Natural Gas, Radiant
Cooling None
Fireplace N
Exterior
Exterior Feature Garden, Private Yard
Roof Type Composition
Total Parking Spaces 7
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Brick,Frame,Wood Siding
Schools
Elementary Schools Arvada K-8
Middle Schools Everitt
High Schools Arvada
School District Jefferson County R-1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo, Other
Listing Terms 1031 Exchange, Cash, Conventional, Jumbo, Other
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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8300 E Maplewood Drive Ste 100, Greenwood Village, Colorado, Other