8987 W 54th Place
Arvada, CO 80002
3705 sqft | 0.40 acres | #7764715
Description
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. The remodel includes refinished hardwood floors, quartz countertops, new
cabinets, 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.
Property Details
- Structure TypeLow Rise (1-3)
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$1,250,000
- CountyJefferson
- Property TypePurchase
- MLS #7764715
- Cost1200000
- MLS #7764715
- Utility SourcePublic
- Taxes Annual$5,514
- Square Feet3705
- Year Built1960
- Acres0.4
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Ralph Beatty (#REC55049063)
Listing Office: Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. (#RECMMREIS)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
