8609 West 54th Place

Arvada, CO 80002

$900,000
Price
8
Beds
4
Baths
3,584 Sq. Ft.
$251 / Sq. Ft.
3,584
Sq. Ft.
$251
per Sq. Ft.

Description

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...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!
  1. Listed by Jake Lowell • Marcum Commercial Advisors • Jake@MarcumCommercial.com

Amenities

  • Forced Air
  • Garage
  • Off-Street Parking

Location

Listing Courtesy of Marcum Commercial Advisors, Jake Lowell
Add your commute
LISTING UPDATED: 03/21/2024 05:17 AM

Property Details for 8609 West 54th Place

StatusActive
MLS #5776650
Days on Compass39
Taxes$4,593 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.17 AC / 7,476 SF
CountyJefferson County

Location

Listing Courtesy of Marcum Commercial Advisors, Jake Lowell
Add your commute

Building Information for 8609 West 54th Place

Stories1Residences4Year Built1961Building Size-Lot Size0.17 AC / 7,476 SF

Payment Calculator

$5,294 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,912

Property Taxes

$383

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8609 West 54th Place

Summary
Location and General Information
  • Longitude and Latitude: -105.093338, 39.795513
  • Latitude: 39.80
  • Longitude: -105.09
  • Elementary School District: Jefferson County R-1
  • Middle Or Junior School District: Jefferson County R-1
Parking
  • Garage Type 1: No
  • # of Garage Spaces 1: 4
  • # of Garage Spaces 3: Yes
  • Total Parking: 4.00
Taxes and HOA Information
  • Tax Information: No
  • Tax Year: 2023
  • Has HOA Covenants: No
  • Tax Annual Amount: $4,593
Property
Lot Information
  • Lot Size Area: 7,476.00
  • Lot Size Units: Square Feet
  • Has Irrigation Water Rights: No
  • Crops: None
Property and Assessments
  • Total Finished Area Source: Assessor
  • Total Finished Area Units: Square Feet
  • Living SqFt: 1792
  • Above Grade Finished Area Units: Square Feet
  • Sq Ft Apx: 1792
  • Below Grade Finished Area Units: Square Feet
  • Total Finished Area: 3584
  • Location Description 2: No
  • New Construction YN: No
  • Property Styles: 1
  • Levels: One
Utilities
  • Cooling: Yes
  • Utilities 1: No
  • Electric: Electric
  • Sewer: City Sewer, Public Sewer
  • Heating YN: Yes
Interior and Exterior Features
Interior Features
  • ViewYN: No
  • Baths Full Additional: 0
  • Baths Full Basement: 0
  • Baths Half Additional: 0
  • Baths Half Basement: 0
  • Baths Three Quarters Additional: 0
  • Baths Three Quarters Basement: 0
  • Baths Three Quarters Lower: 0
  • Baths Three Quarters Upper: 0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Unit 1's Number of Bedrooms: 2
  • Unit 1's Number of Baths: 1.00
  • Number of units in Unit 1: 2
  • Unit 1's Estimated Square Feet: 896
  • Unit 2's Number of Bedrooms: 1
  • Unit 2's Number of Baths: 1.00
  • Number of 2 bedroom units: 2
  • Unit 2's Estimated Square Feet: 792
  • Unit 3's Number of Bedrooms: 3
  • Unit 3's Number of Baths: 1.00
  • Number of 3 bedroom units: 1
  • Unit 3's Estimated Square Feet: 1000
  • Number of units in Unit 3: 1
Rental
Rental Information
  • Rent Unit 1: $1,500.00
  • Rent Unit 2: $850.00
  • Rent Unit 3: $1,700.00
  • Lease Sq Ft Unit: Square Feet
  • Total Actual Rent: $4,050.00
  • Horse YN: No

Property History for 8609 West 54th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8609 West 54th Place

Taxable ValueLand$10,018Additions$37,335Total$47,353
Tax Record2023$4,593 ($383 / month)
Home Facts
Total Finished SqFt1,792 SqFtAbove Grade Finished SqFt1,792 SqFtStories2Lot Size7,476 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyJEFFERSONAPN39-151-12-010

Schools near 8609 West 54th Place

This home is within Jefferson County R-1 School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 5
Rating
School
Distance
Arvada K-8
PublicK to 8

Arvada High School
Public9 to 12

Foster Dual Language PK-8
PublicPK to 8

Fitzmorris Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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8609 West 54th Place is a multi-family home for sale in Arvada, CO 80002. This property was listed for sale on March 21, 2024 by Marcum Commercial Advisors, it's currently listed at $900,000. It has been on the market for a total of 39 days and was last sold on April 13, 2016. This listing's school district is Jefferson County R-1 School District. Nearby schools include Arvada K-8, Arvada High School and Foster Dual Language PK-8. 8609 West 54th Place is a 8-bed, 4-bath, 3,584 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcum Commercial Advisors, Jake Lowell

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.