5815 Pierce St #A-H new Save Request In-Person Tour Request Virtual Tour
Arvada,CO 80003
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Subdivision Pierce Plaza Condo Map
MLS Listing ID 1032702
Bedrooms 16
Year Built 1983
Annual Tax Amount $15,321
Lot Size 7,840 Sqft
Property Sub-Type Income Property
Property Description
CBRE is pleased to present 5815 Pierce St, an eight-unit multifamily investment opportunity in Arvada, Colorado. Built in 1983, this asset has been under long-term ownership, allowing investors to take advantage of substantial increases in income and asset values through a systematic value-add approach. All eight units are individually deeded townhome-style, with two bedrooms and one and a half bathrooms. The basements currently have laundry hookups and the potential to add a third bedroom and second bathroom. Located just a half mile from Olde Town Arvada, 5815 Pierce St is surrounded by top retail and abundant employment. Nearby, historic Olde Town is the heart and soul of Arvada, with many dining, retail, and entertainment options and a light-rail station serving downtown Denver. 5815 Pierce St's excellent suburban location and attractive unit layouts will continue to garner high renter demand. These factors and the immediate income upside create a compelling opportunity for investors to acquire a unique, well-located asset in one of the most desirable Denver suburbs.
Location
State CO
County Jefferson
Area Metro Denver
Zoning MULTI-RESI
Interior
Heating Baseboard
Cooling Ceiling Fan(s)
Laundry Washer/Dryer Hookups
Exterior
Roof Type Composition
Building
Story 2
Water City Water,City
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Secrest
Middle Schools Oberon Jr
High Schools Arvada
School District Jefferson Dist R-1
Others
Special Listing Condition Private Owner