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Cedar Court 7750 W 61st Ave 16 Unit Apartment Building $3,600,000 ($225,000/Unit) 6.34% Cap Rate Arvada, CO 80004
INVESTMENT HIGHLIGHTS
- Can be Purchased with Adjacent Parcels at 6087 Olde Wadsworth Blvd, Arvada (20 Units) and/or 6090 Olde Wadsworth Blvd, Arvada (24 Units)
- Recent Capital Improvements Include: Newer Roof, Windows and Many Interior Updates
- Just 4.24% Historical Vacancy!
- All 2Bd/1Ba Units
- Furnaces, Hot Water Heaters and Washer/Dryer Hookups Dedicated to Each Unit
- Just 1/2 Mile to Olde Town Arvada & Light Rail Station
EXECUTIVE SUMMARY
JUST LISTED! 16 Units Near Olde Town Arvada; 4.24% Historical Vacancy!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$340,800
|
$25.77
|
| Other Income |
$7,201
|
$0.54
|
| Vacancy Loss |
$17,400
|
$1.32
|
| Effective Gross Income |
$330,601
|
$25.00
|
| Taxes |
$21,026
|
$1.59
|
| Operating Expenses |
$81,345
|
$6.15
|
| Total Expenses |
$102,371
|
$7.74
|
| Net Operating Income |
$228,230
|
$17.26
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $340,800 |
| Annual Per SF | $25.77 |
| Other Income | |
|---|---|
| Annual | $7,201 |
| Annual Per SF | $0.54 |
| Vacancy Loss | |
|---|---|
| Annual | $17,400 |
| Annual Per SF | $1.32 |
| Effective Gross Income | |
|---|---|
| Annual | $330,601 |
| Annual Per SF | $25.00 |
| Taxes | |
|---|---|
| Annual | $21,026 |
| Annual Per SF | $1.59 |
| Operating Expenses | |
|---|---|
| Annual | $81,345 |
| Annual Per SF | $6.15 |
| Total Expenses | |
|---|---|
| Annual | $102,371 |
| Annual Per SF | $7.74 |
| Net Operating Income | |
|---|---|
| Annual | $228,230 |
| Annual Per SF | $17.26 |
PROPERTY FACTS
| Price | $3,600,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.68 AC |
| Sale Type | Investment | Building Size | 13,224 SF |
| Cap Rate | 6.34% | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R24 | ||
| Price | $3,600,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 13,224 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | R24 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $1,728 | 800 - 826 |
PROPERTY TAXES
| Parcel Number | 39-112-00-013 | Total Assessment | $217,061 (2024) |
| Land Assessment | $39,866 (2024) | Annual Taxes | $21,026 ($1.59/SF) |
| Improvements Assessment | $177,195 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
39-112-00-013
Land Assessment
$39,866 (2024)
Improvements Assessment
$177,195 (2024)
Total Assessment
$217,061 (2024)
Annual Taxes
$21,026 ($1.59/SF)
Tax Year
2025
MAP
ADDITIONAL PHOTOS
Building Photo
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Plat Map