CBRE is pleased to present 5815 Pierce St, an eight-unit multifamily investment opportunity in Arvada, Colorado. Built in 1983, this asset has been under long-term ownership, allowing investors to take advantage of substantial increases in income and asset values through a systematic value-add approach. All eight units are individually deeded… Read More townhome-style, with two bedrooms and one and a half bathrooms. The basements currently have laundry hookups and the potential to add a third bedroom and second bathroom. Located just a half mile from Olde Town Arvada, 5815 Pierce St is surrounded by top retail and abundant employment. Nearby, historic Olde Town is the heart and soul of Arvada, with many dining, retail, and entertainment options and a light-rail station serving downtown Denver. 5815 Pierce St's excellent suburban location and attractive unit layouts will continue to garner high renter demand. These factors and the immediate income upside create a compelling opportunity for investors to acquire a unique, well-located asset in one of the most desirable Denver suburbs. Read Less
Courtesy of Charlie Mitelhaus, CBRE Inc, 9703723007.
Listing Snapshot
Days Online
51
Last Updated
Property Type
Income Property
Lot Size
0.18 Acres
Year Built
1983
MLS Number
1032702
30 Days Snapshot Of 80003
$541k
+3%
(avg) sold price
33
-15%
homes sold
33
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Some Appliances"
Basement
Basement: "Full"
Building
12000 total sqft, Has Improvements: No, Construction Materials: "Wood/Frame", Levels: "Two", Stories: 2, Year Built: 1983
Cooling
"Ceiling Fan(s)"
Expenses
Operating Expense: $41,113
Water Features
Has Water Rights: No, Water Source: "City Water", "City"
Heating
"Baseboard"
Home Owner's Association
HOA Transfer Fee: No
Income
Gross Income: $173,016, Net Operating Income: $131,903
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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