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Olde Town Terrace Apartments 6087 Wadsworth Blvd 20 Unit Apartment Building $3,950,000 ($197,500/Unit) 6.55% Cap Rate Arvada, CO 80003
INVESTMENT HIGHLIGHTS
- Can be Purchased with Adjacent Parcels at 6090 Olde Wadsworth Blvd, Arvada (24 Units) and/or 7750 W 61st Ave, Arvada (16 Units)
- Recent Capital Improvements Include: Newer Roof, Windows, Sliders, Stucco, Parking Lot & Updated Interiors
- Priced Well Below Replacement Cost at Only $165/SF
- Mostly 2Bd/1Ba Units
- Washer/Dryer Hookups in 60% of Units
- Proforma Rents Already Being Achieved
EXECUTIVE SUMMARY
PRICE REDUCED! 20 Units Near Olde Town Arvada; Mostly 2Bd/1Ba
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$393,600
|
$16.53
|
| Other Income |
$27,427
|
$1.15
|
| Vacancy Loss |
$21,051
|
$0.88
|
| Effective Gross Income |
$399,976
|
$16.80
|
| Taxes |
$23,288
|
$0.98
|
| Operating Expenses |
$117,979
|
$4.96
|
| Total Expenses |
$141,267
|
$5.93
|
| Net Operating Income |
$258,709
|
$10.87
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $393,600 |
| Annual Per SF | $16.53 |
| Other Income | |
|---|---|
| Annual | $27,427 |
| Annual Per SF | $1.15 |
| Vacancy Loss | |
|---|---|
| Annual | $21,051 |
| Annual Per SF | $0.88 |
| Effective Gross Income | |
|---|---|
| Annual | $399,976 |
| Annual Per SF | $16.80 |
| Taxes | |
|---|---|
| Annual | $23,288 |
| Annual Per SF | $0.98 |
| Operating Expenses | |
|---|---|
| Annual | $117,979 |
| Annual Per SF | $4.96 |
| Total Expenses | |
|---|---|
| Annual | $141,267 |
| Annual Per SF | $5.93 |
| Net Operating Income | |
|---|---|
| Annual | $258,709 |
| Annual Per SF | $10.87 |
PROPERTY FACTS
| Price | $3,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $197,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.71 AC |
| Cap Rate | 6.55% | Building Size | 23,806 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Zoning | R-M, Arvada | ||
| Price | $3,950,000 |
| Price Per Unit | $197,500 |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 23,806 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | R-M, Arvada |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Handrails
- Lawn
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,315 | 725 |
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 39-112-00-016 | Total Assessment | $240,409 (2024) |
| Land Assessment | $41,442 (2024) | Annual Taxes | $23,288 ($0.98/SF) |
| Improvements Assessment | $198,967 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
39-112-00-016
Land Assessment
$41,442 (2024)
Improvements Assessment
$198,967 (2024)
Total Assessment
$240,409 (2024)
Annual Taxes
$23,288 ($0.98/SF)
Tax Year
2025
MAP
ADDITIONAL PHOTOS
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Building Photo
Plat Map
Building Photo