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$ 1,975,000
Est. payment | /mo
6,535 SqFt
$ 1,975,000
Est. payment | /mo
6,535 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,535 sqft
Price per Sqft $302
MLS Listing ID 1934226
HOA Y/N No
Year Built 1969
Annual Tax Amount $7,059
Tax Year 2024
Property Sub-Type Multi Family
Source recolorado
Property Description
Marcus & Millichap is pleased to present the investment opportunity located at 10717 W 38th Ave in Wheat Ridge, Colorado. The renovated, two-story multifamily property sits on 0.32 acres and is strategically located near Discovery Park, a popular destination for outdoor recreation. This townhome-style asset features private yards for each unit, newly repaved off-street parking and an inviting community atmosphere enhanced by on-site patio and grill areas. Additionally, all but one unit features updated kitchens and bathrooms ?tted with modern appliances. The property's attractive layout and recent renovations not only support strong current occupancy but also position the investment opportunity for long-term value. Investors can realize upside through increasing rents, charging back utilities, and generating revenue from on-site laundry services. The property's proximity to Interstate 70 ensures easy commuting to Downtown Denver and surrounding employment centers, further enhancing the asset's appeal to a wide tenant base. Strong potential upside and ideal location mark this multifamily asset as an appealing opportunity for investors seeking immediate cash-?ow and long-term growth.
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Roof Type Shingle
Total Parking Spaces 20
Garage No
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash
Listing Terms Cash
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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 by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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