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6700 Wadsworth Blvd
Arvada, CO 80003

$6,675,000 USD

Apartments For Sale • 29,590 SF

Property Details

Property Type Apartments
Total Building Size 29,590 SF
Lot Size 0.99 AC
Building Class C
Year Built 1957
Cap Rate 6.51 %
Zoning R24

28 Transit Score

70 Walk Score

                
                    Highlights
                
                                24/26 Units are 3 Bedroom Units
                            
                                6.51% Current CAP Rate & 7.81% Proforma CAP Rate!
                            
                                Pro Forma Rents Already Being Achieved
                            
                                Recent Capital Improvements Include Newer: Roof, Gutters, Concrete Replacement and Several Newer Furnaces & Hot Water Heaters
                            
                                Huge Private Patios & Balconies
                            
                                Just 1.5 Miles From Olde Town Arvada & Light Rail Station

Property Flyers

6700 Wadsworth Blvd - OM (EMAIL)

Financial Summary (Proforma)

Net Operating Income: $521,573 USD (2024)

Cap Rate:	6.51 %
Total Expenses:	$160,593 USD

Amenities

Balcony
Cable Ready
Heating
Kitchen
Refrigerator
Range
Carpet
Patio

Public Transportation

Commuter Rail	Drive	Walk	Distance
Olde Town Arvada E-Bound (Union Station to Wheat Ridge Ward Station - Regional Transportation District)	3 min	-	1.6 mi
Olde Town Arvada W-Bound (Union Station to Wheat Ridge Ward Station - Regional Transportation District)	4 min	-	2.0 mi
Airport	Drive	Walk	Distance
Denver International	39 min	-	29.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	54
Type:	Surface
Included in Rent:	Yes

Josh Newell 303-962-9555 Pinnacle Real Estate Advisors

6700 Wadsworth Blvd Arvada, CO 80003