5225 Balsam Street Arvada, CO
$ 3,515,000
Property Attributes
  • MLS#9301744
  • TypeIncome
  • CityArvada
  • AreaWestpark
  • NeighborhoodOlde Town Arvada
  • Zip80002
  • StyleLow Rise (all units)
  • Year Built1980
  • Taxes13596
  • Price$ 3,515,000
  • Bedrooms38
  • Full Bathrooms19
  • Half Bathrooms0
  • Sqr Footage14610
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Property Description

Fantastic investment,19 units, each with its own legal description,36 total units in complex,Recent appraisal was $210,000 on one of the units. All units are rented, 16 are on month to month leases, Great location blocks away from the heart of Old Town Arvada, each unit is townhome style with legals referring them as condos(so technically condos), Each unit has Open area from kitchen to living room with bedrooms and bathroom upstairs, fenced patio areas off the kitchen/eating space area, there are 12 newer units(1980) which have washer and dryer hookups, 7 older units (1962) with common washer/dryer area, HOA is $235 per unit includes heat on the older units, 12 newer units HOA is $150 per unit doesn't include heat these units have there own boilers and water heater, great income potential, all units have refrigerators, stoves and dishwashers, rents are $200 to $300 low on average, 9 units have been updated, great investment in one the hottest areas in surrounding Denver Metro area

Elementary School Middle School High School
Lawrence Elementary School Arvada K-8 Middle School Arvada High School
Price History
3/8/2018 Listed $3,515,000

General Features

Additional Information Income Potential
Association Fee Annual 38820
Association Fee Frequency Monthly
Association Fee Primary 171.00
Association Name Primary Westpark Condo Association
Building Name Westpark
Capitalization Rate 5.20
Elementary School Lawrence
Features Condo Docs, Vending Machines
HOA Fee Includes Common Area Grounds Maintenance, Exterior Maintenance w/ Roof, Heat, Insurance, Sewer, Snow Removal, Trash Removal, Water
Has HOA Y/N 1
High School Arvada
Is Incorporated Y/N Yes
Latitude 39.791504
Longitude -105.093199
Maintenance Expense 5237
Middle/Junior School Arvada K-8
Neighborhood Olde Town Arvada
Owner Paid Utilities Gas, HOA Fees, Insurance, Lawn Service, Maintenance, Property Tax, Trash, Water
Parcel Number 163512
Per Unit Features Assigned Parking, Assigned Visitor Parking
Property Sub Type Income
Property Type Income
School District Jefferson County R-1
Seller Type Individual
Status Active
Status Conditions None Known
Style Characteristics Side-by-Side
Tax Amount 13596.00
Tenant Paid Utilities Electricity, Gas, Internet, Phone, Television
Terms Offered Cash, Conventional
Total Sq Ft 14610
Transaction Type For Sale
Virtual Tour Url Unbranded
Year Built 1980
Zoning Residential

Interior Features

Basement Floor Type Crawl Space, Slab
Basement Size None
Beds Total 38
Cooling Air Conditioning-Room
Flooring Carpet, Laminate
Heating Forced Air, Hot Water
Heating Fuel Gas, Hot Water
Interior Features Updated, Window Coverings
Laundry Availability Coin-operated, Shared Laundry in Building, W/D Hookups in Unit
Total Baths 19.00
Total Units 19

Exterior Features

Building Type Low Rise (all units)
Construction Materials Brick, Cedar Siding
Construction Methods Brick, Frame
Exterior Features Fence, Patio, Playground Area, Sprinkler System, Utility Shed
Lot Size Acres 0.17
Lot Sq Ft 7672.00
Lot SqFt Range 2000+, 4000+, 6000+
Parking Count 1
Road Surface Paved Road
Roof Composition Shingles
Site Features Corner Lot
Structural Style Multi-Story
Total Reserved Spaces 1
View City View, Mountain View


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80002

AVG $2.5M
AVG $8,684
AVG 134
Year Built
AVG 1950
AVG 59

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