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5502 Newland Way

Arvada, CO 80002
  • $5,200,000
  • STATUS: Pending
  • ON SITE: 48 Days
  • ID#: 9488197
Under Contract
UPDATED: 46 min ago
$5,200,000
  • 0
    BEDS
  • 0.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,968
    SQFT
  • $306
    $/SQFT
Type:
Multi-Family
Built:
1972
County:
Area:

School Ratings & Info

REcolorado logo Offered by Pinnacle Real Estate Advisors.

Description

23 Unit Apartment Building Blocks Away from Olde Town Arvada. 5.42% CAP Rate. Large One Bedroom, One Bathroom Units. Proven Renovation Strategy for Increased Rental Income. Numerous Large Capital Improvement Projects Completed (see OM in Supplements). The Newland Apartments is a renovated 23 unit apartment building just blocks away from thriving Olde Town Arvada. The Newland Apartments are also less than a mile from Arvada's G line light rail station giving tenants easy access to Downtown Denver and Boulder. Arvada has delivered over 8,000 residential units over the last 5 years with an additional 1,200 units in review, further proving the demand for housing in the neighborhood. Arvada is home to thousands of acres of parks and open spaces presenting the city as an attractive suburb of Denver for tenants to call home. Jefferson County is the state's 4th most populous county with population increases every year for the last 10 years.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Colorado Foothills Team | Berkshire Hathaway Elevated Living Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.coloradofoothillsliving.com/homes/130385973
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5502 Newland Way Arvada, CO 80002

  • Price: $5,200,000
  • Status: Pending
  • On Site: 48 Days
  • Updated: 46 min ago
  • ID#: 9488197
0
Beds
0
Baths
0
½ Baths
0.77
Acres
16,968
SQFT
$306
$/SQFT
1972
Built
County:
Jefferson
Area:
Arvada
Property Description
23 Unit Apartment Building Blocks Away from Olde Town Arvada. 5.42% CAP Rate. Large One Bedroom, One Bathroom Units. Proven Renovation Strategy for Increased Rental Income. Numerous Large Capital Improvement Projects Completed (see OM in Supplements). The Newland Apartments is a renovated 23 unit apartment building just blocks away from thriving Olde Town Arvada. The Newland Apartments are also less than a mile from Arvada's G line light rail station giving tenants easy access to Downtown Denver and Boulder. Arvada has delivered over 8,000 residential units over the last 5 years with an additional 1,200 units in review, further proving the demand for housing in the neighborhood. Arvada is home to thousands of acres of parks and open spaces presenting the city as an attractive suburb of Denver for tenants to call home. Jefferson County is the state's 4th most populous county with population increases every year for the last 10 years.
Exterior Features

Architectural Style Low Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BarbecueGas Grill Garage YN No Lot Features LandscapedNear Public Transit Lot Size Area 0.77 Lot Size Square Feet 33333 Parking Total 46 Road Frontage Type Public Road Road Surface Type Paved Roof Other Structure Type Low Rise

Interior Features

Laundry Features Laundry Room Levels Three Or More

Property Features

Construction Materials BrickWood Siding Contingency None Known Exclusions Tenant Possessions Listing Terms CashConventional Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 22419 Tax Year 2020 Water Source Public

REcolorado logo Listing courtesy of Pinnacle Real Estate Advisors:(303) 962-9555. MLS #9488197


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Colorado Foothills Team | Berkshire Hathaway Elevated Living Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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REcolorado logo Offered by Pinnacle Real Estate Advisors.