5815 Pierce Street #A-H
Arvada, CO 80003
8000 sqft | #1899422

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.
Property Details
- Sewer InformationCommunity Sewer
- Structure TypeLow Rise (1-3)
- Property SubtypeMulti Family
- Original List Price$2,100,000
- CountyJefferson
- Property TypePurchase
- MLS #1899422
- Cost2100000
- MLS #1899422
- Taxes Annual$1,944
- Square Feet8000
- Year Built1983
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Charlie Mitelhaus (#REC55055781)
Listing Office: CBRE, Inc. (#RECM8436)

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