6190 Webster StArvada, CO 80003

This exceptional investment opportunity presents a well-maintained six-unit apartment building situated at 6190 Webster Street in Arvada, Colorado, 80003. Built in 1968 and extensively renovated in 2022, this two-story, 4,158 square foot building boasts a desirable unit mix of four two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. Each unit features updated interiors, reflecting the recent renovations. The property also includes a private side patio for tenant use and ample parking. The building benefits from newer windows and a new boiler installed in 2022, minimizing maintenance concerns. Located less than a mile from Olde Town Arvada, this property offers convenient access to a vibrant array of local retail, restaurants, and amenities. The current Net Operating Income (NOI) is $67,573, with a pro-forma NOI of $91,824, resulting in a 5.20% cap rate and a pro-forma cap rate of 7.06%. The asking price is $1,300,000, translating to a price per square foot of $312.65 and a price per unit of $216,666.67. This low-rise, garden-style property sits on an 11,238 square foot lot and presents a strong rental history and significant income potential. The property's prime location, combined with its recent renovations and desirable unit mix, makes it an attractive investment for discerning buyers.