Golden Multifamily Investment
16680 W 11th Ave Avenue Golden, CO 80401
16680 W 11th Ave Avenue, Golden, CO, 80401
$850,000
For Sale
$850,000
Stabilized multifamily property in Golden, Colorado with immediate yield.
Property Size2,300 SF
Price / SF$369.57
Days on Market112
Property Features for 16680 W 11th Ave Avenue
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES OF ATLANTA, INC.
(303) 328-2050
Listed by
CLAYTON PRIMM · License #100024161
Source
Corcoran
Added: Mar 31 Updated: Jul 10 at 12:23 pm Checked: Jul 20 at 3:45 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES OF ATLANTA, INC.
Investment Insights
Based on property information with market context.
The property at 16680 W 11th Ave presents an opportunity to acquire a stabilized, cash-flowing multifamily asset. The property is currently 100% occupied with consistent rent collections. Current operations generate $56,674 NOI, with Year 1 NOI projected to climb to $64,011 through natural loss-to-lease burn-off, modest rent adjustments, and continued growth in utility bill-backs and ancillary revenue streams. This represents a 13% NOI increase with no major capital expenditure requirements. Rents average $1,300 ($2.83/SF) across efficient 1-BD and 2-BD layouts. The total rents remain $150–$300 below comparable Golden units. Comparable buildings routinely achieve $1,325–$1,750 depending on size and unit mix. The property size is 2,300 square feet. At a 6% interest rate and 65% LTV, buyers achieve Year 1 cash-on-cash of 10.37% and a 1.93 DCR. The property is ideal for private capital, 1031 buyers, and long-term operators seeking stable cash flow with upside.
Key Highlights
- High In‑Place Cap Rate: 6.67% delivers immediate yield.
- Significant NOI Growth Potential: Projected 13% increase in Year 1 NOI.
- Substantial Rent Upside: Rents are $150-$300 below comparable units.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Stabilized multifamily property in Golden, Colorado with immediate yield.
Where is this multifamily property located?
The property is located at 16680 W 11th Ave Avenue Golden, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High In‑Place Cap Rate: 6.67% delivers immediate yield.; Significant NOI Growth Potential: Projected 13% increase in Year 1 NOI.; Substantial Rent Upside: Rents are $150-$300 below comparable units.
