Newland Apartments | 5532 Newland Way
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Newland Apartments 5532 Newland Way
14 Unit Apartment Building $5,122,135 CAD ($365,867 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.
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 |
$389,564
|
$41.84
|
| Other Income |
$28,960
|
$3.11
|
| Vacancy Loss |
$19,478
|
$2.09
|
| Effective Gross Income |
$399,045
|
$42.86
|
| Taxes |
$22,819
|
$2.45
|
| Operating Expenses |
$88,873
|
$9.55
|
| Total Expenses |
$111,692
|
$12.00
|
| Net Operating Income |
$287,353
|
$30.87
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $389,564 |
| Annual Per SF | $41.84 |
| Other Income (CAD) | |
|---|---|
| Annual | $28,960 |
| Annual Per SF | $3.11 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $19,478 |
| Annual Per SF | $2.09 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $399,045 |
| Annual Per SF | $42.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,819 |
| Annual Per SF | $2.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $88,873 |
| Annual Per SF | $9.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $111,692 |
| Annual Per SF | $12.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $287,353 |
| Annual Per SF | $30.87 |
Property Facts
| Price | $5,122,135 CAD | Apartment Style | Low Rise |
| Price Per Unit | $365,867 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 5.29% | Building Size | 9,310 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 3.01/1,000 SF |
| Price | $5,122,135 CAD |
| Price Per Unit | $365,867 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 |
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PROPERTY TAXES
| Parcel Number | 39-132-04-008 | Total Assessment | $234,287 CAD (2023) |
| Land Assessment | $46,655 CAD (2023) | Annual Taxes | $22,819 CAD ($2.45 CAD/SF) |
| Improvements Assessment | $187,632 CAD (2023) | Tax Year | 2024 |
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
$22,819 CAD ($2.45 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R-M, Arvada |
| R-M, Arvada |
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Robert Lawson -
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Newland Apartments | 5532 Newland Way
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