Log In/Sign Up
Your email has been sent.
Bluebird Apartments 9945-9955 W 59th Pl 8 Unit Apartment Building $2,076,750 CAD ($259,594 CAD/Unit) 6.12% Cap Rate Arvada, CO 80004
INVESTMENT HIGHLIGHTS
- Now Priced Well Below Comparable Properties
- All Large 2Bd & 3Bd Units
- Just One Mile to Arvada Ridge Light Rail Station. Walk to Parks, Restaurants, Retail, Public Transportation and Places of Employment
- Individually Deeded Units = Condo Conversion Opportunity
- Recent Capital Improvements Include: Roof, Windows, Boiler, Hot Water Heaters and Majority of Units Have Been Renovated
- Excellent Neighborhood Demographics: Average Household Income of $98k within 1 Mile
EXECUTIVE SUMMARY
PRICE REDUCED! 8-Unit Apartment Building in Arvada; All 2Bds & 3Bds. Now priced well below comparable properties. All units are individually-deeded condos. Prime location, excellent neighborhood demographics and nearby retail, parks, and public transportation.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$187,356
|
$25.91
|
| Other Income |
$22,012
|
$3.04
|
| Vacancy Loss |
$10,470
|
$1.45
|
| Effective Gross Income |
$198,899
|
$27.50
|
| Taxes |
$9,849
|
$1.36
|
| Operating Expenses |
$62,008
|
$8.57
|
| Total Expenses |
$71,857
|
$9.94
|
| Net Operating Income |
$127,042
|
$17.57
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $187,356 |
| Annual Per SF | $25.91 |
| Other Income (CAD) | |
|---|---|
| Annual | $22,012 |
| Annual Per SF | $3.04 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,470 |
| Annual Per SF | $1.45 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $198,899 |
| Annual Per SF | $27.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,849 |
| Annual Per SF | $1.36 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $62,008 |
| Annual Per SF | $8.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $71,857 |
| Annual Per SF | $9.94 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $127,042 |
| Annual Per SF | $17.57 |
PROPERTY FACTS
| Price | $2,076,750 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $259,594 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 6.12% | Building Size | 7,232 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Zoning | PUD-K, Arvada | ||
| Price | $2,076,750 CAD |
| Price Per Unit | $259,594 CAD |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 7,232 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2024 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | PUD-K, Arvada |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,951 CAD | 700 |
| 3+1 | 2 | $2,302 CAD | 900 |
1 1
Walk Score®
Very Walkable (79)
CONTACTS
-
Jake Waxter -
Barton Thompson -
Josh Newell -
Annie Joseph -
Pinnacle Real Estate Advisors
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Bluebird Apartments | 9945-9955 W 59th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.