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
30
Last Updated
Property Type
Income Property
Lot Size
0.18 Acres
Year Built
1983
MLS Number
1032702
30 Days Snapshot Of 80003
$531k
0%
(avg) sold price
36
+5%
homes sold
25
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Some Appliances"
Basement
Basement: "Full"
Building
Has Improvements: No, Total Sq Ft: 12000, Construction Materials: "Wood/Frame", Levels: "Two", Stories: 2, Year Built: 1983
Cooling
"Ceiling Fan(s)"
Expenses
Operating Expense: 41113
Water Features
Has Water Rights: No, Water Source: "City Water", "City"
Heating
Heating: "Baseboard"
Home Owner's Association
Has Association 2 Fee: No, Has Association Fee: No, HOA Transfer Fee: No
Income
Gross Income: 173016, Net Operating Income: 131903
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