Avenue 59 is a turn-key, 16-unit multifamily investment property in an excellent location in Arvada. The property is fully turn-key with comprehensive capital improvements inside and out. Exterior capital improvements include roof, steel stairs and landings, windows, siding, concrete and asphalt. The property consists of all two-bedroom, one-bathroom units which are fully renovated with vinyl-plank flooring, black appliances, and individual AC units.
The property is in an excellent location close to retail, transportation, and recreation. Avenue 59 is only steps away from an abundance of retail options. Moreover, this retail corridor on Ralston Road is undergoing a significant redevelopment that will dramatically enhance retails options within walking distance to Avenue 59. The property is also just over one mile from the future Arvada Ridge Light Rail Station on the Gold Line. Lastly, the 133-acre Lutz/Stenger Sports Complex is less than one mile from Avenue 59.