8305 W 53rd Pl, Arvada, CO 80002

Property Description

JUST LISTED! Fantastic opportunity to purchase a ranch style triplex with a bonus 4th rental within walking distance of Olde Town Arvada. This multifamily property consists of three 2-bedroom, 1-bathroom units and a bonus 1-bedroom, 1-bathroom space. Unit #8305 was just updated with new cabinet doors, countertops, & paint. All units have their own washer and dryer hookups and their own private parking right in front of each unit. All the units have luxury vinyl plank flooring, updated door hardware as needed, and all are metered separately for electric. Three of the units have both front and backyard access. There is also a large, shared shed for extra storage for tenants. The owner pays for trash, water, and gas. Each tenant does pay $100/per month towards utilities on top of their rent. Roof replaced in 2016 and newer Hardie siding. The boiler is less than 10-years-old, and the distribution system was just replaced. The sewer line has been partially replaced. The parking lot was redone about 5-years ago and you can park about 10-12 cars in front of the building. There is a sprinkler system as well. The property sits on a quiet cul-de-sac less than 5-minutes to all the restaurants, shops, and retail in Olde Town and the Olde Town Arvada Light Rail stop. Check out this recent article in the Denver Post about Olde Town: https://www.denverpost.com/2025/01/27/olde-town-arvada-eat-drink-shop-savor-history/amp/. There are also two separate parks within walking distance, a Costco and Sam’s Club within walking distance, and an elementary school just blocks away. Room to increase rents. Proforma 6.36% CAP Rate Please contact the listing agent for information about the current rents, the offering memorandum, or to schedule a showing.