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+17209495525
You 1st Realty
5361 Everett St, Arvada, CO 80002
- $3,200,000
- 36
- BD
- 22
- BA
- 16,400
- SqFt
Listing courtesy of Charles Burkhart.
charles.burkhart@marcusmillichap.com,214-336-6064
- List Price
- $3,200,000
- Status
- PENDING
- MLS#
- 6699931
- Subtype
- Residential Income
- Year Built
- 1961
- Bedrooms
- 36
- Bathrooms
- 22
- Living Area
- 16,400
- Subdivision
- 639600 RIDGE PARK
- Neighborhood
- Metro10/JNC
- MLS Area Major
- Metro Denver
Property Description
Hearthstone Flats is a fully renovated apartment community in the heart of Arvada, just minutes from Olde Town Arvada, Arvada Market Place, and I-70. The property has been thoughtfully updated with new LVT flooring, modern kitchens and baths, stainless steel appliances, and upgraded interior finishes throughout, complemented by on-site laundry, off-street parking, and a quiet, park-like setting. With new roof, gutters, stairs, and sewer lines all installed within the past several years, the asset offers a turnkey physical plant with limited near-term capital needs. In-place rents remain well below surrounding renovated comparables, creating a clear path to meaningful NOI growth through natural lease turnover and strategic rent adjustments, without the execution risk of heavy renovation.
Additional Information
- Taxes
- $23,949
- Heating
- Hot Water
- Levels
- One
- Roof
- Other
- Parking Features
- Off Street
- Garage Spaces
- 30
- School District
- Jefferson Dist R-1
- Elementary School
- Arvada K-8
- Middle School
- Arvada K-8
- High School
- Arvada
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