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Dover Gardens 8662-8682 W 51st Ave 12 Unit Apartment Building $2,700,000 ($225,000/Unit) 6.01% Cap Rate Arvada, CO 80002

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INVESTMENT HIGHLIGHTS

3 INDIVIDUALLY PARCELED FOUR-PLEX BUILDINGS
NEW ELECTRICAL PANELS; NEWER WINDOWS AND SLIDING GLASS DOORS
$100/UNIT IN RENT UPSIDE IN AS-IS CONDITION

(12) 2BR/1BA TOWNHOME STYLE UNITS WITH INDIVIDUAL BACK PATIOS
8 OUT OF 12 UNITS HAVE BEEN RENOVATED
LOW HISTORIC VACANCY

EXECUTIVE SUMMARY

This offering presents a rare opportunity to acquire three well-maintained four-plex buildings in Arvada, Colorado — an established and growing submarket within the Denver Metro area. With current rents below market, there is significant upside potential through rent optimization and value-add strategies. The property consistently attracts long-term tenants due to its strong curb appeal, excellent upkeep, desirable location, and overall affordability. It is well-positioned for investors seeking stable cash flow and long-term appreciation in a high-demand rental market. Each of the twelve townhome-style units features private fenced patios, access to a central laundry facility, and recent interior updates. Situated on over an acre of land, the property offers ample off-street parking and expansive landscaped grounds, including large grassy common areas. Ideally located near parks, trails, shopping centers, and vibrant Old Town Arvada, this asset is a strategic addition to any investment portfolio.

8662, 8672, 8682 W 51st Arvada CO 80002 - OM by Pinnacle REA 2025

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$236,160	$21.12
Other Income	$14,460	$1.29
Vacancy Loss	$11,808	$1.06
Effective Gross Income	$238,812	$21.35
Taxes	$12,153	$1.09
Operating Expenses	$64,362	$5.75
Total Expenses	$76,515	$6.84
Net Operating Income	$162,297	$14.51

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$236,160
Annual Per SF	$21.12

Other Income
Annual	$14,460
Annual Per SF	$1.29

Vacancy Loss
Annual	$11,808
Annual Per SF	$1.06

Effective Gross Income
Annual	$238,812
Annual Per SF	$21.35

Taxes
Annual	$12,153
Annual Per SF	$1.09

Operating Expenses
Annual	$64,362
Annual Per SF	$5.75

Total Expenses
Annual	$76,515
Annual Per SF	$6.84

Net Operating Income
Annual	$162,297
Annual Per SF	$14.51

PROPERTY FACTS

Price	$2,700,000	Building Class	C
Price Per Unit	$225,000	Lot Size	1.00 AC
Sale Type	Investment	Building Size	11,184 SF
Cap Rate	6.01%	Average Occupancy	95%
Sale Condition	1031 Exchange	No. Stories	2
No. Units	12	Year Built	1961
Property Type	Multifamily	Parking Ratio	1.61/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Townhome
Zoning	R-3, Jefferson

Price	$2,700,000
Price Per Unit	$225,000
Sale Type	Investment
Cap Rate	6.01%
Sale Condition	1031 Exchange
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	C
Lot Size	1.00 AC
Building Size	11,184 SF
Average Occupancy	95%
No. Stories	2
Year Built	1961
Parking Ratio	1.61/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3, Jefferson