This is a rare opportunity to buy two duplexes in the heart of Arvada, one of the fastest-growing cities in the Denver Metro area. All leases are set to expire within the first 6 months of ownership, allowing the buyer to increase rents to market rates. With a few cosmetic upgrades and TLC, this value-add opportunity will provide long-term, stable cash flow.
Sold for $865,000 on 11/17/23
$865,000
5965 Ward Road, Arvada, CO 80004
6beds
6baths
2,944sqft
Duplex
Built in 1985
-- sqft lot
$863,700 Zestimate®
$294/sqft
$3,311 Estimated rent
Home value
$863,700
$812,000 - $916,000
$3,311/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 24, 2024 at 08:40am
Listed by:
Jules "J.B." Hochman 303-668-4930 jb@rprops.com,
Required Properties LLC
Bought with:
Mark Landin, 100039554
Action Properties Inc
Source: REcolorado,MLS#: 5051940
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Forced Air
Cooling
- None
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,944
- Total interior livable area: 2,944 sqft
- Finished area above ground: 2,944
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.35 Acres
Details
- Parcel number: 300180950
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Arvada
- Subdivision: Meadow Lake
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA
- Ownership: Individual
Price history
| Date | Event | Price |
|---|---|---|
| 11/17/2023 | Sold | $865,000+1.8%$294/sqft |
Source:  REcolorado #5051940 | ||
| 10/18/2023 | Pending sale | $850,000+116.8%$289/sqft |
Source: REcolorado #5051940 | ||
| 8/1/2014 | Sold | $392,000+10.4%$133/sqft |
Source: Public Record | ||
| 7/12/2004 | Sold | $355,000+37.9%$121/sqft |
Source: Public Record | ||
| 9/21/1995 | Sold | $257,391+9.5%$87/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,810 +22.9% | $49,592 |
| 2023 | $3,913 -3.7% | $49,592 +24.1% |
| 2022 | $4,066 +9% | $39,957 -4.9% |
Find assessor info on the county website
Neighborhood: Meadow Lake
Nearby schools
GreatSchools rating
- 5/10Vanderhoof Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Drake Junior High SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Arvada West High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Vanderhoof
- Middle: Drake
- High: Arvada West
- District: Jefferson County R-1
Source: REcolorado. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$863,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$863,700