Listed by NORTHPEAK Commercial Advisors
$1,775,000
Scandia Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,408
Units 12
Cap Rate 5.60%
NOI $100,103
Tenancy Multi
Pro-Forma Cap Rate 6.80%
Pro-Forma NOI $121,551
Price per SqFt $189
Class C
Year Built 1959
Buildings 1
Lot Size (SqFt) 21,170
Zoning R-M
Parking Spaces 19 spaces
Parking Per SqFt 2.02
Investment Type Stabilized
Multifamily | 5.60% CAP | 12 Units
Marketing description
9990 W. 59th Place presents an exceptional investment opportunity in the Arvada market. This well-maintained multifamily property consists of 12 total units, featuring 2 one-bedroom units and 10 two-bedroom units, catering to a broad range of tenants seeking spacious, comfortable living.
Located in a quiet residential neighborhood, the property offers residents the perfect balance of suburban tranquility and urban convenience. It is just minutes from Olde Town Arvada, the city's historic downtown area known for its charming shops, diverse dining options, entertainment venues, and easy access to the RTD G Line commuter rail. This prime location not only enhances tenant demand but also supports strong long-term rental growth.
Investment highlights
- Well-located
- Predominately 2-bedroom units
- Well-maintained
- Ample parking
Listing Contacts
Listed by NORTHPEAK Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,103.00
$8,341.92/mo
Valuation Metrics
0
DSCR
5.64%
Cap Rate
5.64%
ROI
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