5532 Newland WayArvada, CO 80002

Property Details for 5532 Newland Way

Year built

1971

Property size (Sq ft)

9,310 SF

Property type

Apartment buildings

Description

This fully renovated, 14-unit apartment building in Arvada, Colorado boasts a prime location near Olde Town, offering exceptional rental income. Built in 1971 and completely renovated in 2024, the property features 9,310 square feet, 28 parking spaces, and a 100% occupancy rate. The property enjoys a strong NOI of $192,676, with a pro-forma NOI of $204,205, resulting in a 5.30% cap rate and a pro-forma cap rate of 5.60%. Each of the 14 units includes updated kitchens and bathrooms, new LVP flooring, in-unit washer/dryers, and in-wall air conditioning. Exterior improvements include new windows, landscaping, paint, and lighting. The property sits on an oversized lot with potential for additional parking or garages. Conveniently located near the G Line light rail station and I-70, residents enjoy easy access to major retailers and the charm of Olde Town Arvada. This pet-friendly community offers a turnkey investment opportunity with significant long-term appreciation potential, priced at $3,640,000 ($260,000 per unit and $390.98 per square foot). The building is zoned R-24 and includes a beautifully landscaped courtyard and new stairways. Additional amenities include 24-hour emergency maintenance, a new boiler and hot water heaters (2022), and a new roof (2018). This is a rare opportunity to acquire a high-performing multifamily asset in a thriving Colorado community.

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Latitude

39.7971

Longitude

-105.07

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].