6087 & 6090 Olde Wadsworth BLVD Arvada, CO 80003
43,241 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 43,241 sqft
Price per Sqft $201
MLS Listing ID 5250765
HOA Y/N No
Year Built 1971
Annual Tax Amount $51,305
Tax Year 2024
Lot Size 1.530 Acres
Acres 1.53
Property Sub-Type Multi Family
Source recolorado
Property Description
The portfolio consists of predominantly two-bedroom units (95%), with over half featuring recent upgrades, including renovated kitchens and bathrooms, as well as in-unit washer/dryer hookups. Significant capital improvements have been completed, including newer roofs, windows, and sliding doors, along with various interior and exterior renovations. Both properties sit
on prominent hard corners directly across from one another, providing excellent visibility and street presence along Olde Wadsworth Blvd. Aspen Leaf and Olde Town Terrace have been self-managed for decades, creating immediate value-add potential through professional management and further renovations that can support meaningful rent growth. Notably, proforma rents are
already being achieved on some units, underscoring the immediate rental upside.
Just steps from Olde Town Arvada's vibrant mix of bars, restaurants, boutiques, and the G Line commuter rail station, this portfolio is ideally positioned to attract a strong and growing tenant base. Residents benefit from easy access to Downtown Denver, the foothills, public parks, and major employment centers.
This offering represents a rare opportunity to acquire a strategically located, value-add multifamily portfolio in one of Colorado's most desirable submarkets at a cost of just $201/SF, far less than replacement cost.
Properties can be purchased individually or as a portfolio.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Exterior Feature Balcony, Lighting
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected
Roof Type Membrane
Total Parking Spaces 67
Garage No
Building
Lot Description Landscaped, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA