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8662-8682 W 51st Ave
Arvada, CO 80002 I-70 Corridor

$2,700,000 USD

Apartments For Sale • 11,184 SF

Property Details

Property Type Apartments
Total Building Size 11,184 SF
Lot Size 1 AC
Building Class C
Year Built 1961
Cap Rate 6.01 %
Zoning R-3, Jefferson

0 Transit Score

27 Walk Score

                
                    Highlights
                
                                3 INDIVIDUALLY PARCELED FOUR-PLEX BUILDINGS
                            
                                (12) 2BR/1BA TOWNHOME STYLE UNITS WITH INDIVIDUAL BACK PATIOS
                            
                                NEW ELECTRICAL PANELS; NEWER WINDOWS AND SLIDING GLASS DOORS
                            
                                8 OUT OF 12 UNITS HAVE BEEN RENOVATED
                            
                                $100/UNIT IN RENT UPSIDE IN AS-IS CONDITION
                            
                                LOW HISTORIC VACANCY

Property Flyers

8662, 8672, 8682 W 51st Arvada CO 80002 - OM by Pinnacle REA 2025

Financial Summary (Actual)

Net Operating Income: $162,297 USD (2024)

Cap Rate:	6.01 %
Total Expenses:	$76,515 USD

Amenities

Cable Ready
Dishwasher
Disposal
Fenced Lot
Laundry Facilities
Microwave
Storage Space
Heating
Recycling
Trash Pickup - Curbside
Ceiling Fans
Kitchen
Hardwood Floors
High Speed Internet Access
Refrigerator
Oven
Sprinkler System
Tub/Shower
Carpet
Yard
Bicycle Storage
Double Pane Windows
Handrails
Lawn
Patio
Window Coverings
Private Bathroom
Fiber Optic Internet
Smoke Detector
Quartz Countertops

Public Transportation

Commuter Rail	Drive	Walk	Distance
Arvada Ridge Station Track 2 (Union Station to Wheat Ridge Ward Station - Regional Transportation District)	3 min	-	1.2 mi
Arvada Ridge Station Track 1 (Union Station to Wheat Ridge Ward Station - Regional Transportation District)	4 min	-	1.3 mi
Airport	Drive	Walk	Distance
Denver International	38 min	-	28.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	18
Type:	Surface
Included in Rent:	Yes

Jim Knowlton 303-962-9543 Pinnacle Real Estate Advisors

8662-8682 W 51st Ave Arvada, CO 80002 I-70 Corridor