8682 W 51st Ave Arvada CO 80002

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