Sold
5502 Newland Way
Arvada CO, 80002
$4,950,000
$291.73 per sqft
Sold
16,968 sqft
Commercial
Built in 1972
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.
9488197
MLSⓇ ID
June 29, 2022
Listed
March 21, 2024
Updated
Map
5502 Newland Way
Arvada CO, 80002
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.77 Acres
Exterior Features
Barbecue, Gas Grill
Lot Features
Landscaped, Near Public Transit
Roof
Unknown
Sewer
Public Sewer
Other Property Details
Taxes
$22,419
Tax Frequency
Annually
Garage
No
Parking Total
46
View
No
County
Jefferson
Water Source
Public
Pool
No
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
5/12/2023 | Sold | $4,950,000 |
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