Property Details for 6190 Webster St

Year built

1968

Property size

4,158 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a well-maintained six-unit apartment building situated at 6190 Webster Street in Arvada, Colorado, 80003. Built in 1968 and extensively renovated in 2022, this two-story, 4,158 square foot building boasts a desirable unit mix of four two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. Each unit features updated interiors, reflecting the recent renovations. The property also includes a private side patio for tenant use and ample parking. The building benefits from newer windows and a new boiler installed in 2022, minimizing maintenance concerns. Located less than a mile from Olde Town Arvada, this property offers convenient access to a vibrant array of local retail, restaurants, and amenities. The current Net Operating Income (NOI) is $67,573, with a pro-forma NOI of $91,824, resulting in a 5.20% cap rate and a pro-forma cap rate of 7.06%. The asking price is $1,300,000, translating to a price per square foot of $312.65 and a price per unit of $216,666.67. This low-rise, garden-style property sits on an 11,238 square foot lot and presents a strong rental history and significant income potential. The property's prime location, combined with its recent renovations and desirable unit mix, makes it an attractive investment for discerning buyers.

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Longitude

-105.07989192239

Latitude

39.808566170834