8609 W 54th Place Arvada, CO $ 900,000
8609 W 54th Place
$ 900,000
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8609 W 54th Place

Arvada, CO, 80002
$ 900,000
Bedrooms8 Baths4.0 Sq 3,584

Monthly Estimate*

$ 6,287

Listed by Marcum Commercial Advisors
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Multi-Family Home for sale in Arvada, CO

for $900,000 with 8 bedrooms and 4 full baths. This 3,584 square foot home was built in 1961 on a lot size of 0.17.

JUST LISTED! Opportunity to purchase this 4-unit apartment building in close proximity to Olde Town Arvada with quick access to I70 and Wadsworth. When fully occupied the property CAP rate is 5.43% with the opportunity to raise rents of 3/4 units within the first year. The property offers a strong unit mix of 3 bed/1 bath, 2 bed/1 bath, and 1 bed/1 bath units. Tenants can take advantage of the fenced-in common space out back and plenty of off-street parking spaces. The property is adjacent to Terrace Park. The roof is 4 years old. This property would be a great opportunity for a seasoned investor or someone looking to live in one unit and have tenants offset your mortgage. Please reach out to Jake Lowell to set up a showing today!

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Multi-Family Pending

Price

$ 900,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,593

Style

Quadruplex

Lot Size

0.17

Year Built

1961

Town/City

Arvada

County/Region

Jefferson

MLS | Web ID

5776650

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Evaporative Cooling
Utilities Cable Available Electricity Connected
Possession Closing/DOD
Roof Architecural Shingle
Exterior Features Private Yard
Garage Spaces 0
Construction Materials Brick
Exclusions Tenants Personal Belongings
Year Built 1961
Levels One
Property SubType Quadplex
Tax Year 2023
Percent Ownership Individual
Gross Income 64602
County Jefferson
Operating Expense 15762
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Contingency None Known
Subdivision Name GARNEAL ACRES
Facing Direction South
Status Pending
High School Arvada
City Arvada
Buyer Agent Compensation 2.5
Senior Community Y/N N
High School District Jefferson County R-1
Lot Size Square Feet 7476
Carport Spaces 0
Street Name 54th
Listing Terms 1031 Exchange Cash Conventional FHA
Elementary School Arvada K-8
Tax Annual Amount 4593
Middle/Junior High School Arvada K-8
Structure Type Quadruplex
Standard Status Pending
Occupancy Type Tenant
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
Cap Rate 5.43
Buyer Agent Compensation Type %
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Interior
Basement Exterior Entry
Common Walls 1 Common Wall
Basement (Y/N) Y
Above Grade Finished Area 1792
Street Suffix Place
Total Bedrooms 8
Below Grade Finished Area 1792
Total Baths 4
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Exterior
Fencing Partial
Parking Features Asphalt
Water Source Public
Total Parking 4
Lot Size Area 7476
Building Area Total 3584
Lot Size Acres 0.17
Lot Size Units Square Feet
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 8609
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* Excluded Features
List By
Marcum Commercial Advisors

Broker

(303) 718-4594

Phone

Affordability Calculator

$6,670
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,287
Monthly Property Taxes
$383
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1956519 Elementary School
1956518 Middle School
Arvada High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$900,000 Listed Price

Map


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8609 W 54th Place, Arvada, CO, 80002 is a Multi-Family Home for sale at $900,000 with 3,584 sqft and a lot size of 0.17. 8609 W 54th Place has 8 bedrooms, 4.0 baths, and was built in 1961. The property's zip code is 80002 which is in Arvada, CO