8305 W 53rd Place Arvada, CO 80002
7
Beds
4
Baths
3,180
Sq Ft
0.26
Acres
Highlights
- No Units Above
- No HOA
- 1-Story Property
About This Home
As of March 2025JUST LISTED! Fantastic opportunity to purchase a ranch style triplex with a bonus 4th rental within walking distance of Olde Town Arvada. This multifamily property consists of three 2-bedroom, 1-bathroom units and a bonus 1-bedroom, 1-bathroom space. Unit #8305 was just updated with new cabinet doors, countertops, & paint. All units have their own washer and dryer hookups and their own private parking right in front of each unit. All the units have luxury vinyl plank flooring, updated door hardware as needed, and all are metered separately for electric. Three of the units have both front and backyard access. There is also a large, shared shed for extra storage for tenants. The owner pays for trash, water, and gas. Each tenant does pay $100/per month towards utilities on top of their rent. Roof replaced in 2016 and newer Hardie siding. The boiler is less than 10-years-old, and the distribution system was just replaced. The sewer line has been partially replaced. The parking lot was redone about 5-years ago and you can park about 10-12 cars in front of the building. There is a sprinkler system as well. The property sits on a quiet cul-de-sac less than 5-minutes to all the restaurants, shops, and retail in Olde Town and the Olde Town Arvada Light Rail stop. Check out this recent article in the Denver Post about Olde Town: https://www.denverpost.com/2025/01/27/olde-town-arvada-eat-drink-shop-savor-history/amp/. There are also two separate parks within walking distance, a Costco and Sam’s Club within walking distance, and an elementary school just blocks away. Room to increase rents. Proforma 6.36% CAP Rate Please contact the listing agent for information about the current rents, the offering memorandum, or to schedule a showing.
Last Agent to Sell the Property
MODUS Real Estate Brokerage Email: prampi@moduscommercial.com,720-935-2184 License #100055927 Listed on: 01/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,413
Year Built
- Built in 1968
Lot Details
- No Units Above
- No Units Located Below
- Sloped Lot
Parking
- 10 Parking Spaces
Home Design
- Quadruplex
- Brick Exterior Construction
- Frame Construction
- Composition Roof
Interior Spaces
- 3,180 Sq Ft Home
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Schools
- Lawrence Elementary School
- Arvada K-8 Middle School
- Arvada High School
Utilities
- No Cooling
- Water Heater
Listing and Financial Details
- Exclusions: Seller's and tenant's personal property. Tenants personal property includes all washer and dryer machines, all wall mounted AC units, and all mounted TVs and mounts. The following is also excluded in Unit #8315: the two light fixtures in the kitchen, the bathroom cabinet mirror, and the ceiling fan in one of the bedrooms.
- Property held in a trust
- Tenant pays for electricity
- The owner pays for gas, trash collection, water
- Assessor Parcel Number 004205
Community Details
Overview
- No Home Owners Association
- Platt Subdivision
Building Details
- Operating Expense $18,768
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2025
Closed on
Mar 4, 2025
Sold by
Benzo Llc and Benzo Properties Llc
Bought by
Beaver Roxanne and Beaver Steven
Seller's Agent
Patrick Rampi
MODUS Real Estate
Buyer's Agent
Sean Gribbons
The Gold Standard Brokerage
List Price
$900,000
Sold Price
$885,000
Premium/Discount to List
-$15,000
-1.67%
Total Days on Market
7
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,291
Avg. Annual Appreciation
4.37%
Original Mortgage
$300,000
Outstanding Balance
$299,752
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$595,539
Purchase Details
Closed on
May 22, 2021
Sold by
Patten Scott B and Patten Melissa H
Bought by
Benzo Llc
Purchase Details
Closed on
Jun 23, 2008
Sold by
Eha Leone Ada
Bought by
Patten Scott B and Patten Melissa H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 20, 2008
Sold by
Eha Charles C and Eha Leone Ada
Bought by
Eha Charles C and Eha Leone Ada
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 31, 2000
Sold by
Eha Leona Ada Eha Charles C
Bought by
Eha Charles C and Eha Leone Ada
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $885,000 | Fntc (Fidelity National Title) | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $285,000 | Fahtco | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Previous Owner | $198,000 | New Conventional | |
| Previous Owner | $210,500 | New Conventional | |
| Previous Owner | $213,750 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/07/2025 03/07/25 | Sold | $885,000 | -1.7% | $278 / Sq Ft |
| 02/07/2025 02/07/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | For Sale | $900,000 | -- | $283 / Sq Ft |
Source: REcolorado®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,413 | $54,319 | $16,766 | $37,553 |
| 2023 | $5,413 | $54,319 | $16,766 | $37,553 |
| 2022 | $3,677 | $36,672 | $12,198 | $24,474 |
| 2021 | $3,814 | $38,558 | $12,825 | $25,733 |
| 2020 | $3,772 | $38,184 | $10,497 | $27,687 |
| 2019 | $3,722 | $38,184 | $10,497 | $27,687 |
| 2018 | $2,895 | $28,861 | $7,422 | $21,439 |
| 2017 | $2,654 | $28,861 | $7,422 | $21,439 |
| 2016 | $2,584 | $26,435 | $6,280 | $20,155 |
| 2015 | $2,215 | $26,435 | $6,280 | $20,155 |
| 2014 | $2,215 | $21,293 | $5,731 | $15,562 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Rampi
Seller's Agent in 2025
Patrick Rampi
MODUS Real Estate
(720) 935-2184
93 Total Sales
-
Sean Gribbons
Buyer's Agent in 2025
Sean Gribbons
The Gold Standard Brokerage
(303) 883-3833
64 Total Sales
Map
Source: REcolorado®
MLS Number: 3000800
APN: 39-142-10-003
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