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$ 2,900,000
Est. payment | /mo
6,969 Sqft Lot
$ 2,900,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6494437
HOA Y/N No
Originating Board recolorado
Year Built 1961
Annual Tax Amount $8,930
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Multi Family
Property Description
551 S Fairfax St. is a unique value add opportunity with proven upside in a desirable location. The building is a diverse mix of (2) premium studios, (6) one beds, and (5) two beds. There have been extensive updates to major systems including roof, boiler, electrical, windows, and more (see Page 5). The subject property falls into Arapahoe County, City of Glendale, & highly desirable Cherry Creek School District. Tenants enjoy the recently renovated Glendale Park with pickleball courts directly adjacent to the property as well as nearby shopping and dining in Cherry Creek. This deal has attractive Seller financing available with 71% LTV and 4% interest. In addition, there are a few renovated units that prove a path to value add. For the right investor, this is a great opportunity to buy a well located deal with strong in place cash flow and proven upside potential.
Location
State CO
County Arapahoe
Interior
Fireplace N
Exterior
Total Parking Spaces 7
Garage No
Building
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by NorthPeak Commercial Advisors, LLC • jack@northpeakcre.com,303-903-9638
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