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$ 3,200,000
Est. payment | /mo
36 Beds
22 Baths
16,400 SqFt
$ 3,200,000
Est. payment | /mo
36 Beds
22 Baths
16,400 SqFt
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 16,400 sqft
Price per Sqft $195
Subdivision 639600 Ridge Park
MLS Listing ID 5190965
Bedrooms 36
HOA Y/N No
Year Built 1961
Property Sub-Type Quadruplex
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.
Location
State CO
County Jefferson
Interior
Heating Hot Water
Cooling Other
Exterior
Roof Type Unknown
Private Pool No
Building
Story One
Sewer Public Sewer
Schools
School District Elementary: Jefferson County R-1, Middle/Junior: Jefferson County R-1, High: Jefferson County R-1
Others
Senior Community No
Tax ID 011935
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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