8682 W 51st Avenue, Arvada, CO 80002 (MLS # 2529916)

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PRICE $1,000,000 BEDS 0 BATHS 0 HOME SIZE 3,560 sqft LOT SIZE n/a Request More Info Schedule a Showing

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