8682 W 51st AVE new to site Save Request In-Person Tour Request Virtual Tour
Arvada,CO 80002
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,560 sqft
Price per Sqft $280
Subdivision Garrison Lakes
MLS Listing ID 2529916
Style Contemporary
HOA Y/N No
Abv Grd Liv Area 890
Year Built 1961
Annual Tax Amount $4,051
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
3 separate 4-plexes must be sold together. Each 4-plex is eligible for residential loans. Please see Commercial Listing 7003098 for further details.
There are (3) 4-Plexes, 8662, 8672, 8682 W. 51st Ave. Rare turnkey opportunity for an investor to acquire 3 four-plex buildings in Arvada, Colorado with below market rents with upside potential. This well-maintained property attracts great long-term tenants because of the upkeep, location and affordability. There are typically very low vacancies. This property is an opportunity for investors seeking stable, long-term returns in a growing market with year over year growth. Featuring attractive townhome style units with fenced patios, personal storage rooms, central laundry and recent updates, this property is a great add to any investor portfolio. Great location 1 mile to Olde Town Arvada with restaurants, bars, shops and a light rail station. The City of Arvada has improved the walking trails in front of the buildings, and Eben G. Fine offers a peaceful lake and grassy areas. The property is surrounded by single family homes and not high-density rental units. • 12 units, 2-bedroom 1 bathroom, ~900 square feet • Nearly all units have been updated with new kitchens, new flooring, new paint, and/or new bathrooms. • Open floorplan with 12x12 kitchen and 12x14 family room • Lots of common grass areas for picnics or volleyball • Open parking lot with tons of room to park • Each of the three buildings has a central boiler for dual-zone radiant heat. Most of the 24 zone valves have been replaced in the past 10 years • Each unit has a separate electrical meter, averaging the tenants $30-$50/month • Shared laundry room with 2 new commercial washers and 3 driers. Setup for coin or a payment app • Newer shed with lots of supplies, tools and replacement parts • All unit electrical panels replaced in 2025 • Newer windows
Location
State CO
County Jefferson
Zoning R-3
Interior
Heating Baseboard,Natural Gas,Radiant
Cooling None
Fireplace N
Exterior
Exterior Feature Garden,Private Yard
Roof Type Composition
Total Parking Spaces 7
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Brick,Frame,Wood Siding
Schools
Elementary Schools Arvada K-8
Middle Schools Everitt
High Schools Arvada
School District Jefferson County R-1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange,Cash,Conventional,Jumbo,Other
Listing Terms 1031 Exchange,Cash,Conventional,Jumbo,Other
Special Listing Condition None