About 8609 W 54th Pl
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!
Features of 8609 W 54th Pl
| MLS® # | 5776650 |
|---|---|
| Price | $900,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 3,584 |
| Acres | 0.17 |
| Year Built | 1961 |
| Type | Residential Income |
| Sub-Type | Income Property |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 8609 W 54th Pl |
|---|---|
| Area | Arvada |
| Subdivision | GARNEAL ACRES |
| City | Arvada |
| County | Jefferson |
| State | CO |
| Zip Code | 80002 |
Amenities
| Utilities | Electricity Available, Cable Available |
|---|---|
| # of Garages | 4 |
| Garages | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Fiberglass |
|---|---|
| Construction | Brick/Brick Veneer |
School Information
| District | Jefferson County R-1 |
|---|---|
| Elementary | Arvada K-8 |
| Middle | Arvada K-8 |
| High | Arvada |
Additional Information
| Days on Market | 1 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jake Lowell |
|---|---|
| Office | Marcum Commercial Advisors |
| Contact Info | Jake@MarcumCommercial.com |