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    5562 Newland Way Arvada, CO 80002

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    5562 Newland Way Arvada, CO 80002


    • Commercial real estate
    • 5,068 SF
    • 0.35 lot acres
    Arvada Multifamily Property For Sale
    $865,000
    5,068 SF

    Arvada Multifamily Property

    Multifamily property in Arvada featuring 8 units.

    5562 Newland Way, Arvada, CO 80002
    View Listing
    Property ID
    US13-1204031
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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    Cap Rate Potential
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    • Commercial real estate

    Property Details for 5562 Newland Way

    Year built
    1971
    Lot size
    0.35 lot acres
    Property size
    5,068 SF
    Property type
    Commercial real estate

    Description

    This 8-unit apartment building in Arvada, Colorado, presents a compelling investment opportunity. Located at 5562 Newland Way, 80002, this property boasts a current cap rate of 6.25% and a pro-forma cap rate of 6.46%, reflecting a strong potential for return. The asking price is $1,335,000, translating to $166,875 per unit. Built in 1971, the 5,068 square foot building sits on a sizable 0.35-acre corner lot featuring mature landscaping and a sprinkler system. Recent upgrades include a newer boiler and windows, along with updated kitchens and bathrooms. The property includes 14 parking spaces in a private lot and an on-site coinless washer and dryer with room for expansion. Its prime location is just half a mile from the Olde Town Arvada Light Rail Station, Olde Town Arvada, and major retail amenities, ensuring convenient access and high tenant demand. The property's strong cash flow, combined with its strategic location and recent improvements, makes it an ideal turn-key investment with significant rental upside potential. Quick access to Wadsworth Blvd, I-70, and I-76 further enhances its appeal. The building is classified as Class C. The Net Operating Income (NOI) is $83,421, with a pro-forma NOI of $86,291.


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    Location Insight

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    City
    Arvada
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.07013163965
    Latitude
    39.798008926271
    View Listing
    More about this property
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