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Newland Apartments 5532 Newland Way 14 Unit Apartment Building $3,640,000 ($260,000/Unit) 5.29% Cap Rate Arvada, CO 80002
INVESTMENT HIGHLIGHTS
- Turnkey, Fully Renovated Property: All 14 units have been modernized, offering premium rental income potential from day one with minimal investment
- Professionally Managed, Pet-Friendly Community: Well-maintained and fully updated units with a beautifully landscaped courtyard and in-unit W/D
- Ample On-Site Parking & Development Potential: The property features 28 parking spaces on an oversized lot with the possibility of adding more parking
- Prime Location in Arvada: Just blocks from Olde Town Arvada, residents enjoy easy access to big-box stores and walking distance to historic Olde Town
- Convenient Transit Access: Located near the G line light rail station and I-70, providing seamless connectivity to Downtown Denver and DIA
EXECUTIVE SUMMARY
The Knowlton Lawson Team is excited to present the exclusive opportunity to acquire N32 Apartments, a fully renovated 14- unit apartment complex located just blocks from Olde Town in Arvada, CO. This turnkey property offers premium rental income, thanks to its modernized units and prime location. Residents enjoy a perfect balance of urban convenience and small-town charm, with easy access to big-box retailers like Costco, Sam’s Club, Home Depot, and Lowes, while also being steps away from the historic character of Olde Town.
The property’s proximity to the G line light rail station and I-70 ensures seamless commutes to Downtown Denver, Denver International Airport, and the Colorado mountains, further enhancing its appeal. The pet-friendly, professionally managed community boasts updated units, a beautifully landscaped courtyard with new stairways, 28 on-site parking spaces, and sits on an oversized lot with potential for additional parking or covered garages. This rare, turnkey investment opportunity combines strong, stable cash flow with significant long-term appreciation upside in one of the most desirable neighborhoods in Arvada.
The property’s proximity to the G line light rail station and I-70 ensures seamless commutes to Downtown Denver, Denver International Airport, and the Colorado mountains, further enhancing its appeal. The pet-friendly, professionally managed community boasts updated units, a beautifully landscaped courtyard with new stairways, 28 on-site parking spaces, and sits on an oversized lot with potential for additional parking or covered garages. This rare, turnkey investment opportunity combines strong, stable cash flow with significant long-term appreciation upside in one of the most desirable neighborhoods in Arvada.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$276,840
|
$29.74
|
| Other Income |
$20,580
|
$2.21
|
| Vacancy Loss |
$13,842
|
$1.49
|
| Effective Gross Income |
$283,578
|
$30.46
|
| Taxes |
$16,216
|
$1.74
|
| Operating Expenses |
$63,157
|
$6.78
|
| Total Expenses |
$79,373
|
$8.53
|
| Net Operating Income |
$204,205
|
$21.93
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $276,840 |
| Annual Per SF | $29.74 |
| Other Income | |
|---|---|
| Annual | $20,580 |
| Annual Per SF | $2.21 |
| Vacancy Loss | |
|---|---|
| Annual | $13,842 |
| Annual Per SF | $1.49 |
| Effective Gross Income | |
|---|---|
| Annual | $283,578 |
| Annual Per SF | $30.46 |
| Taxes | |
|---|---|
| Annual | $16,216 |
| Annual Per SF | $1.74 |
| Operating Expenses | |
|---|---|
| Annual | $63,157 |
| Annual Per SF | $6.78 |
| Total Expenses | |
|---|---|
| Annual | $79,373 |
| Annual Per SF | $8.53 |
| Net Operating Income | |
|---|---|
| Annual | $204,205 |
| Annual Per SF | $21.93 |
PROPERTY FACTS
| Price | $3,640,000 | Apartment Style | Low-Rise |
| Price Per Unit | $260,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 5.29% | Building Size | 9,310 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 3.01/1,000 SF |
| Zoning | R-M, Arvada | ||
| Price | $3,640,000 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 9,310 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 3.01/1,000 SF |
| Zoning | R-M, Arvada |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 625 - 725 |
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PROPERTY TAXES
| Parcel Number | 39-132-04-008 | Total Assessment | $167,181 |
| Land Assessment | $33,292 | Annual Taxes | $16,216 ($1.74/SF) |
| Improvements Assessment | $133,889 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
39-132-04-008
Land Assessment
$33,292
Improvements Assessment
$133,889
Total Assessment
$167,181
Annual Taxes
$16,216 ($1.74/SF)
Tax Year
2024
CONTACTS
-
Robert Lawson -
Luke Salazar -
Adam Rakoczy -
Jennifer King -
Pinnacle Real Estate Advisors
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Newland Apartments | 5532 Newland Way
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