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31391491
31391514

10542 W 63rd Pl, Arvada, CO 80004

JK
CO FA100032419
Pinnacle Real Estate Advisors
CK
CO FA100052086
Pinnacle Real Estate Advisors
JK
CO FA100068260
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors
$2,500,000
64 days on market
Updated 33 days ago

10542 W 63rd Place Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,000
Units 12
Cap Rate 5.76%
NOI $143,986
Pro-Forma Cap Rate 6.36%
Pro-Forma NOI $159,108
Price per SqFt $278
Broker Co-Op Yes
Class C
Year Built 1964
Buildings 1
Stories 2
Lot Size (SqFt) 25,003
Parking Spaces spaces

Turn-Key 12 Unit Near Olde Town Arvada

Marketing description

10542 W 63rd Place is a 12-unit multifamily investment opportunity located in the highly desirable Arvada submarket of Northwest Denver. The property offers investors a stabilized, well-maintained apartment asset in an established residential neighborhood with strong and consistent rental demand.

The property features a desirable mix of one- and two-bedroom apartment homes that appeal to a broad tenant base seeking attainable housing options in the Denver metro area. The asset has demonstrated exceptional operational stability, maintaining 98% occupancy over the past 24 months, underscoring the strength of the location and continued demand for workforce housing in Arvada.

Strategically located just minutes from Olde Town Arvada, residents enjoy convenient access to retail, dining, entertainment, and major employment centers throughout the Denver metro area, including Downtown Denver and the I-70 corridor.

Investment highlights

  • WELL-LOCATED 12-UNIT MULTIFAMILY ASSET IN ESTABLISHED ARVADA NEIGHBORHOOD
  • RENOVATED INTERIORS WITH IN-UNIT WASHERS AND DRYERS
  • 98% OCCUPIED OVER PAST 24 MONTHS
  • NEWER ROOF, WINDOWS AND BOILER SYSTEM
  • 11 - 2BR/1BA UNITS AND 1 – 1BR/1BA UNIT

Listing Contacts

JK
CO FA100032419
Pinnacle Real Estate Advisors
CK
CO FA100052086
Pinnacle Real Estate Advisors
JK
CO FA100068260
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$143,986.00
$11,998.83/mo

Valuation Metrics

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DSCR
5.76%
Cap Rate
5.76%
ROI

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