8987 W 54th, Arvada

$1,250,000

0 Beds
0 Baths
.4 Acres
0 Garages

8987 W 54th Place, a well-maintained 6-unit apartment community in the thriving city of Arvada, Colorado. Situated on 0.4 acres, the subject property was originally constructed in 1960, offering its tenants a healthy mix of one-bedroom and two-bedroom units. The unit mix consists of four large one-bedroom units and two two-bedroom units. The property is professionally maintained and has had a number of recent upgrades which include new windows, all new furnaces, water heaters and updated landscaping. Units 2,3 and 4 have been completely remodeled. The remodel includes refinished hardwood floors, quartz countertops, new cabients, new bathrooms, ceiling fans and a fresh coat of paint. Residents have easy access to many convenient community amenities including off-street parking and nearby shopping, such as Costco, Home Depot, and Sam's Club. Residents are next to Terrace Park and 1.5 miles from Olde Town Arvada.The investment appeal of this asset is driven by the strong employment fundamentals, low vacancy levels, and rapidly expanding rental demand in Arvada, Colorado. This well located asset, just minutes from downtown Denver, presents an attractive choice for central Colorado renters.

Essential Information
MLS® #4144979
Price$1,250,000
Bathrooms0.00
Acres0.40
Year Built1960
TypeCommercial Sale
Sub-TypeMulti Family
StyleLow Rise
StatusActive
Community Information
Address8987 W 54th
CityArvada
CountyJefferson
StateCO
Zip Code80002
Interior
# of Stories1
StoriesOne
Exterior
RoofArchitectural, Shingle
ConstructionBrick
Additional Information
Date ListedFebruary 21st, 2023
Days on Market31
ParkingAsphalt
Office

Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

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