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Bluebird Apartments 9945-9955 W 59th Pl 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 6.12% Cap Rate Arvada, CO 80004
INVESTMENT HIGHLIGHTS
- Now Priced Well Below Comparable Properties
- All Large 2Bd & 3Bd Units
- Just One Mile to Arvada Ridge Light Rail Station. Walk to Parks, Restaurants, Retail, Public Transportation and Places of Employment
- Individually Deeded Units = Condo Conversion Opportunity
- Recent Capital Improvements Include: Roof, Windows, Boiler, Hot Water Heaters and Majority of Units Have Been Renovated
- Excellent Neighborhood Demographics: Average Household Income of $98k within 1 Mile
EXECUTIVE SUMMARY
PRICE REDUCED! 8-Unit Apartment Building in Arvada; All 2Bds & 3Bds. Now priced well below comparable properties. All units are individually-deeded condos. Prime location, excellent neighborhood demographics and nearby retail, parks, and public transportation.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$135,324
|
$18.71
|
| Other Income |
$15,899
|
$2.20
|
| Vacancy Loss |
$7,562
|
$1.05
|
| Effective Gross Income |
$143,661
|
$19.86
|
| Taxes |
$7,114
|
$0.98
|
| Operating Expenses |
$44,787
|
$6.19
|
| Total Expenses |
$51,901
|
$7.18
|
| Net Operating Income |
$91,760
|
$12.69
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $135,324 |
| Annual Per SF | $18.71 |
| Other Income | |
|---|---|
| Annual | $15,899 |
| Annual Per SF | $2.20 |
| Vacancy Loss | |
|---|---|
| Annual | $7,562 |
| Annual Per SF | $1.05 |
| Effective Gross Income | |
|---|---|
| Annual | $143,661 |
| Annual Per SF | $19.86 |
| Taxes | |
|---|---|
| Annual | $7,114 |
| Annual Per SF | $0.98 |
| Operating Expenses | |
|---|---|
| Annual | $44,787 |
| Annual Per SF | $6.19 |
| Total Expenses | |
|---|---|
| Annual | $51,901 |
| Annual Per SF | $7.18 |
| Net Operating Income | |
|---|---|
| Annual | $91,760 |
| Annual Per SF | $12.69 |
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | 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 | $1,500,000 |
| Price Per Unit | $187,500 |
| 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)
CONTACTS
-
Jake Waxter -
Barton Thompson -
Josh Newell -
Annie Joseph -
Pinnacle Real Estate Advisors
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VIDEOS
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Bluebird Apartments | 9945-9955 W 59th Pl
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