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10542 W 63rd Pl 12 Unit Apartment Building $3,486,250 CAD ($290,521 CAD/Unit) 5.65% Cap Rate Arvada, CO 80004
Investment Highlights
- WELL-LOCATED 12-UNIT MULTIFAMILY ASSET IN ESTABLISHED ARVADA NEIGHBORHOOD
- 98% OCCUPIED OVER PAST 24 MONTHS
- 11 - 2BR/1BA UNITS AND 1 – 1BR/1BA UNIT
- RENOVATED INTERIORS WITH IN-UNIT WASHERS AND DRYERS
- NEWER ROOF, WINDOWS AND BOILER SYSTEM
Executive Summary
10542 W 63rd Place is a 12-unit multifamily investment opportunity located in the highly desirable Arvada submarket of Northwest Denver. The property offers investors a stabilized, well-maintained apartment asset in an established residential neighborhood with strong and consistent rental demand.
The property features a desirable mix of one- and two-bedroom apartment homes that appeal to a broad tenant base seeking attainable housing options in the Denver metro area. The asset has demonstrated exceptional operational stability, maintaining 98% occupancy over the past 24 months, underscoring the strength of the location and continued demand for workforce housing in Arvada.
Strategically located just minutes from Olde Town Arvada, residents enjoy convenient access to retail, dining, entertainment, and major employment centers throughout the Denver metro area, including Downtown Denver and the I-70 corridor.
The property features a desirable mix of one- and two-bedroom apartment homes that appeal to a broad tenant base seeking attainable housing options in the Denver metro area. The asset has demonstrated exceptional operational stability, maintaining 98% occupancy over the past 24 months, underscoring the strength of the location and continued demand for workforce housing in Arvada.
Strategically located just minutes from Olde Town Arvada, residents enjoy convenient access to retail, dining, entertainment, and major employment centers throughout the Denver metro area, including Downtown Denver and the I-70 corridor.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,486,250 CAD | Property Subtype | Apartment |
| Price Per Unit | $290,521 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 5.65% | Building Size | 9,000 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2022 |
| Price | $3,486,250 CAD |
| Price Per Unit | $290,521 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 9,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 550 |
| 2+1 | 11 | - | 750 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 39-091-08-013 | Improvements Assessment | $125,735 CAD (2024) |
| Land Assessment | $46,721 CAD (2024) | Total Assessment | $172,456 CAD (2024) |
Property Taxes
Parcel Number
39-091-08-013
Land Assessment
$46,721 CAD (2024)
Improvements Assessment
$125,735 CAD (2024)
Total Assessment
$172,456 CAD (2024)
Contacts
-
Chris Knowlton -
Jim Knowlton -
Mark Knowlton -
Quentin Shore -
Jennifer King -
Pinnacle Real Estate Advisors
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10542 W 63rd Pl
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