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