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Newland Apartments 5532 Newland Way

14 Unit Apartment Building $5,119,296 CAD ($365,664 CAD/Unit) 5.29% Cap Rate Arvada, CO 80002

Investment Highlights

  • Turnkey, Fully Renovated Property: All 14 units have been modernized, offering premium rental income potential from day one with minimal investment
  • Professionally Managed, Pet-Friendly Community: Well-maintained and fully updated units with a beautifully landscaped courtyard and in-unit W/D
  • Ample On-Site Parking & Development Potential: The property features 28 parking spaces on an oversized lot with the possibility of adding more parking
  • Prime Location in Arvada: Just blocks from Olde Town Arvada, residents enjoy easy access to big-box stores and walking distance to historic Olde Town
  • Convenient Transit Access: Located near the G line light rail station and I-70, providing seamless connectivity to Downtown Denver and DIA

Executive Summary

The Knowlton Lawson Team is excited to present the exclusive opportunity to acquire N32 Apartments, a fully renovated 14- unit apartment complex located just blocks from Olde Town in Arvada, CO. This turnkey property offers premium rental income, thanks to its modernized units and prime location. Residents enjoy a perfect balance of urban convenience and small-town charm, with easy access to big-box retailers like Costco, Sam’s Club, Home Depot, and Lowes, while also being steps away from the historic character of Olde Town.
The property’s proximity to the G line light rail station and I-70 ensures seamless commutes to Downtown Denver, Denver International Airport, and the Colorado mountains, further enhancing its appeal. The pet-friendly, professionally managed community boasts updated units, a beautifully landscaped courtyard with new stairways, 28 on-site parking spaces, and sits on an oversized lot with potential for additional parking or covered garages. This rare, turnkey investment opportunity combines strong, stable cash flow with significant long-term appreciation upside in one of the most desirable neighborhoods in Arvada.

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $389,348 $41.82
Other Income $28,944 $3.11
Vacancy Loss $19,467 $2.09
Effective Gross Income $398,824 $42.84
Taxes $22,806 $2.45
Operating Expenses $88,824 $9.54
Total Expenses $111,630 $11.99
Net Operating Income $287,194 $30.85

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $389,348
Annual Per SF $41.82
Other Income (CAD)
Annual $28,944
Annual Per SF $3.11
Vacancy Loss (CAD)
Annual $19,467
Annual Per SF $2.09
Effective Gross Income (CAD)
Annual $398,824
Annual Per SF $42.84
Taxes (CAD)
Annual $22,806
Annual Per SF $2.45
Operating Expenses (CAD)
Annual $88,824
Annual Per SF $9.54
Total Expenses (CAD)
Annual $111,630
Annual Per SF $11.99
Net Operating Income (CAD)
Annual $287,194
Annual Per SF $30.85

Property Facts

Price $5,119,296 CAD
Price Per Unit $365,664 CAD
Sale Type Investment
Cap Rate 5.29%
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.56 AC
Building Size 9,310 SF
No. Stories 2
Year Built 1971
Parking Ratio 3.01/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 14 - 625 - 725

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39-132-04-008
Land Assessment
$46,655 CAD (2023)
Improvements Assessment
$187,632 CAD (2023)
Total Assessment
$234,287 CAD (2023)
Annual Taxes
$22,806 CAD ($2.45 CAD/SF)
Tax Year
2024

zoning

Zoning Code R-M, Arvada
R-M, Arvada
  • Listing ID: 33715757

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: 5532 Newland Way, Arvada, CO 80002

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