Arvada, CO 80002,5532 Newland WAY
Arvada, CO 80002,5532 Newland WAY
Arvada, CO 80002,5532 Newland WAY
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$3,640,000
Est. payment /mo
0.56 Acres Lot
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UPDATED:

11/01/2024 12:05 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3253082

HOA Y/N No

Originating Board recolorado

Year Built 1971

Annual Tax Amount $16,216

Tax Year 2023

Lot Size 0.560 Acres

Acres 0.56

Property Description

The Knowlton Lawson Team is excited to present the exclusive opportunity to acquire N32 Apartments, a fully renovated 14- unit apartment complex located just blocks from Olde Town in Arvada, CO. This turnkey property offers premium rental income, thanks to its modernized units and prime location. Residents enjoy a perfect balance of urban convenience and small-town charm, with easy access to big-box retailers like Costco, Sam’s Club, Home Depot, and Lowes, while also being steps away from the historic character of Olde Town.
The property’s proximity to the G line light rail station and I-70 ensures seamless commutes to Downtown Denver, Denver International Airport, and the Colorado mountains, further enhancing its appeal. The pet-friendly, professionally managed community boasts updated units, a beautifully landscaped courtyard with new stairways, 28 on-site parking spaces, and sits on an oversized lot with potential for additional parking or covered garages. This rare, turnkey investment opportunity combines strong, stable cash flow
with significant long-term appreciation upside in one of the most desirable neighborhoods in Arvada.

Location

State CO

County Jefferson

Zoning R-24

Interior

Fireplace N

Exterior

Total Parking Spaces 28

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


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REColorado (REColorado MLS)
Listed by Pinnacle Real Estate Advisors • rlawson@pinnaclerea.com,303-962-9555
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"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

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5532 Newland WAY