Just Sold: 6-Unit Multifamily Property in Arvada, CO Closes for $1,190,000

Address: 5985 Yukon St., Arvada, CO 80004
Sale Price: $1,190,000
Closed Date: March 27, 2024
Total Units: 6 ($198,333/Unit)
Property Size: 5,700 SF ($201/SF)
Current Cap Rate: 5.4%
Pro Forma Cap Rate: 7.5%
Property Type: Multifamily

Denver, CO – March 27, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 5985 Yukon St., Arvada, CO 80004.

Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the Buyer and Seller in this transaction.

“This was a quick and clean off market transaction with an all cash Buyer. Our team was happy to leverage in house relationships and deliver a dream Buyer at a reduced brokerage commission.

These are premium corner units with oversized 1,000 SF 2 Bedroom floorplans, large windows, and tremendous rental upside. The Buyer is excited to renovate and stabilize at an attractive CAP rate.”
– Hunter Schaefer, NorthPeak Commercial Advisors.

For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com.