Listed by NORTHPEAK Commercial Advisors
$2,710,000
Avenue 59 Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,225
Units 16
Beds 2
Cap Rate 6.20%
NOI $167,903
Tenancy Multi
Pro-Forma Cap Rate 7.00%
Pro-Forma NOI $190,255
Price per SqFt $191
Year Built 1970
Lot Size (SqFt) 21,170
Zoning R-M
Parking Spaces 19 spaces
Parking Per SqFt 1.34
Investment Type Stabilized
Multifamily | 6.20% CAP | 16 Units
Marketing description
10165 W. 59th Avenue is a well-maintained multifamily asset in one of Arvada's most sought-after neighborhoods. The property features 16 spacious two-bedroom units and ample parking.
Largely renovated several years ago, the property benefits from modern upgrades and has maintained it's overall appeal.
Located in a prime part of Arvada, 10165 W. 59th Avenue is minutes from Olde Town Arvada, major transportation corridors, and a wide variety of retail, dining, and recreation options. Strong neighborhood fundamentals, combined with steady tenant demand for quality two-bedroom units, support this as a solid asset for any future investor.
Investment highlights
- All 2 bedroom units
- Pitched roofs
- Previously renovated
- Well-located
Listing Contacts
Listed by NORTHPEAK Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$167,903.00
$13,991.92/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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