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Bluebird Apartments 9945-9955 W 59th Pl 8 Unit Apartment Building $1,600,000 ($200,000/Unit) 6.12% Cap Rate Arvada, CO 80004




INVESTMENT HIGHLIGHTS
- Individually Deeded Units = Condo Conversion Opportunity
- Recent Capital Improvements Include: Roof, Windows, Boiler, Hot Water Heaters and Majority of Units Have Been Renovated
- Just One Mile to Arvada Ridge Light Rail Station. Walk to Parks, Restaurants, Retail, Public Transportation and Places of Employment
- All Large 2Bd & 3Bd Units
- Excellent Neighborhood Demographics: Average Household Income of $98k within 1 Mile
- Quick Access to Kipling Pkwy, I-70, Downtown Denver and Rocky Mountains
EXECUTIVE SUMMARY
JUST LISTED! 8-Unit Apt Bldg in Arvada; All 2Bds & 3Bds. All units are individually-deeded condos. Prime location, excellent neighborhood demographics and nearby retail, parks, and public transportation.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$141,360
![]() |
$19.55
![]() |
Other Income |
$13,955
![]() |
$1.93
![]() |
Vacancy Loss |
$7,766
![]() |
$1.07
![]() |
Effective Gross Income |
$147,549
![]() |
$20.40
![]() |
Taxes |
$7,114
![]() |
$0.98
![]() |
Operating Expenses |
$42,441
![]() |
$5.87
![]() |
Total Expenses |
$49,555
![]() |
$6.85
![]() |
Net Operating Income |
$97,994
![]() |
$13.55
![]() |
FINANCIAL SUMMARY (ACTUAL - 2024)
Gross Rental Income | |
---|---|
Annual | $141,360 |
Annual Per SF | $19.55 |
Other Income | |
---|---|
Annual | $13,955 |
Annual Per SF | $1.93 |
Vacancy Loss | |
---|---|
Annual | $7,766 |
Annual Per SF | $1.07 |
Effective Gross Income | |
---|---|
Annual | $147,549 |
Annual Per SF | $20.40 |
Taxes | |
---|---|
Annual | $7,114 |
Annual Per SF | $0.98 |
Operating Expenses | |
---|---|
Annual | $42,441 |
Annual Per SF | $5.87 |
Total Expenses | |
---|---|
Annual | $49,555 |
Annual Per SF | $6.85 |
Net Operating Income | |
---|---|
Annual | $97,994 |
Annual Per SF | $13.55 |
PROPERTY FACTS
Price | $1,600,000 | Apartment Style | Low-Rise |
Price Per Unit | $200,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.44 AC |
Cap Rate | 6.12% | Building Size | 7,232 SF |
No. Units | 8 | No. Stories | 2 |
Property Type | Multifamily | Year Built/Renovated | 1958/2024 |
Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
Zoning | PUD-K, Arvada |
Price | $1,600,000 |
Price Per Unit | $200,000 |
Sale Type | Investment |
Cap Rate | 6.12% |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.44 AC |
Building Size | 7,232 SF |
No. Stories | 2 |
Year Built/Renovated | 1958/2024 |
Parking Ratio | 1.8/1,000 SF |
Zoning | PUD-K, Arvada |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Grill
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 6 | $1,409 | 700 |
3+1 | 2 | $1,663 | 900 |
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Walk Score®
Very Walkable (79)
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Bluebird Apartments | 9945-9955 W 59th Pl
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