5532 Newland Way Arvada, CO 80002

Property Details for 5532 Newland Way

Year built

1971

Property size

9,310 SF

Property type

Commercial real estate

Description

This fully renovated, 14-unit apartment building in Arvada, Colorado boasts a prime location near Olde Town, offering exceptional rental income. Built in 1971 and completely renovated in 2024, the property features 9,310 square feet, 28 parking spaces, and a 100% occupancy rate. The property enjoys a strong NOI of $192,676, with a pro-forma NOI of $204,205, resulting in a 5.30% cap rate and a pro-forma cap rate of 5.60%. Each of the 14 units includes updated kitchens and bathrooms, new LVP flooring, in-unit washer/dryers, and in-wall air conditioning. Exterior improvements include new windows, landscaping, paint, and lighting. The property sits on an oversized lot with potential for additional parking or garages. Conveniently located near the G Line light rail station and I-70, residents enjoy easy access to major retailers and the charm of Olde Town Arvada. This pet-friendly community offers a turnkey investment opportunity with significant long-term appreciation potential, priced at $3,640,000 ($260,000 per unit and $390.98 per square foot). The building is zoned R-24 and includes a beautifully landscaped courtyard and new stairways. Additional amenities include 24-hour emergency maintenance, a new boiler and hot water heaters (2022), and a new roof (2018). This is a rare opportunity to acquire a high-performing multifamily asset in a thriving Colorado community.

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Longitude

-105.0701308369

Latitude

39.797066743457