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5532 Newland Way
Arvada, CO 80002

$3,640,000 USD

Apartments For Sale • 9,310 SF

Property Details

Property Type Apartments
Total Building Size 9,310 SF
Lot Size 0.56 AC
Building Class C
Year Built 1971
Cap Rate 5.29 %
Zoning R-M, Arvada

38 Transit Score

66 Walk Score

                
                    Highlights
                
                                Turnkey, Fully Renovated Property: All 14 units have been modernized, offering premium rental income potential from day one with minimal investment
                            
                                Prime Location in Arvada: Just blocks from Olde Town Arvada, residents enjoy easy access to big-box stores and walking distance to historic Olde Town
                            
                                Professionally Managed, Pet-Friendly Community: Well-maintained and fully updated units with a beautifully landscaped courtyard and in-unit W/D
                            
                                Convenient Transit Access: Located near the G line light rail station and I-70, providing seamless connectivity to Downtown Denver and DIA
                            
                                Ample On-Site Parking & Development Potential: The property features 28 parking spaces on an oversized lot with the possibility of adding more parking

Property Flyers

5532_Newland_Way_OM_KnowltonLawson

Financial Summary (Proforma)

Net Operating Income: $204,205 USD (2024)

Cap Rate:	5.29 %
Total Expenses:	$79,373 USD

Amenities

Air Conditioning
Heating
Kitchen
Refrigerator
Oven
Tub/Shower
Freezer

Public Transportation

Commuter Rail	Drive	Walk	Distance
Olde Town Arvada E-Bound (Union Station to Wheat Ridge Ward Station - Regional Transportation District)	2 min	14 min	0.7 mi
Olde Town Arvada W-Bound (Union Station to Wheat Ridge Ward Station - Regional Transportation District)	3 min	14 min	0.8 mi
Airport	Drive	Walk	Distance
Denver International	36 min	-	27.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	28
Type:	Surface
Included in Rent:	Yes

Robert Lawson 303-962-9537 Pinnacle Real Estate Advisors

5532 Newland Way Arvada, CO 80002