Listing Courtesy of Pinnacle Real Estate Advisors

5502 Newland Way

Arvada, CO, 80002

$5,200,000

$306 per ft²
$5,200,000
$306 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
16,968 ft²
property_type
Commercial
calendar
Built 1972
23 Unit Apartment Building Blocks Away from Olde Town Arvada. 5.42% CAP Rate. Large One Bedroom, One Bathroom Units. Proven Renovation Strategy for Increased Rental Income. Numerous Large Capital Improvement Projects Completed (see OM in Supplements). The Newland Apartments is a renovated 23 unit apartment building just blocks away from thriving Olde Town Arvada. The Newland Apartments are also less than a mile from Arvada's G line light rail station giving tenants easy access to Downtown Denver and Boulder. Arvada has delivered over 8,000 residential units over the last 5 years with an additional 1,200 units in review, further proving the demand for housing in the neighborhood. Arvada is home to thousands of acres of parks and open spaces presenting the city as an attractive suburb of Denver for tenants to call home. Jefferson County is the state's 4th most populous county with population increases every year for the last 10 years.
MLS® ID:
9488197
Listed:
6/28/22
Updated:
8/9/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Laundry Room

Exterior/Building Features

Lot Size
0.77 acres lot
Exterior Features
Barbecue, Gas Grill
Architectural Style
Low Rise
Lot Details
Landscaped, Near Public Transit
Roof
Other
Sewer
Public Sewer

Other Property Details

Taxes
$22419
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
46.0
View
N
County
Jefferson
Water Source
Public
Pool
No
Total Stories
3

Property History

Date
Event
Price
Value
7/27/22
Active Under Contract
-
-
 

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Data last updated 11:39 PM UTC, 8/9/22

 

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