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Listed price in listed location currency (USD).
$3,600,000

0040

MLS® 8466675

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $22,548
Days Active 0
Lot Size 
Approx. Age 1961
MLS® Number 8466675

Property Address: 2940 W Arkansas Ave, Denver, CO, 80219-4254

Average square foot calculated using Size range provided by listing agent.

Description

Ponderosa Apartments represents a quality multifamily investment opportunity situated within a high-demand, transit-oriented Denver submarket. The property distinguishes itself by offering an exceptional 7% CAP rate based on actual trailing 12 month numbers, providing investors with immediate and robust cash flow that outperforms typical market yields for stabilized assets. This strong day-one return is coupled with a significant reduction in risk, as ownership has recently addressed the property’s major infrastructure needs. These critical capital improvements include the installation of a new boiler system, a full electrical upgrade with the replacement of all electrical panels, and the professional resurfacing of the asphalt parking lot. The asset features a strategic unit mix consisting of large two-bedroom and three-bedroom floor plans. The spacious layouts allow the property to attract and retain a stable, long-term tenant base. Further enhancing the investment thesis is a proven value-add track record; with 50% of the units already fully renovated, there is a clear proof of concept regarding the rent premiums achievable in the local market. A new owner can focus on finishing the remaining classic units to capture additional upside and drive net operating income. 7% CAP RATE ON ACTUAL NUMBERS, 9.5% CASH ON CASH RETURN. (19) 2BR/1BA & (1) 3BR/2BA UNITS. NEW BOILER. UPDATED WINDOWS. NEW PARKING LOT ASPHALT RESURFACING. NEWER ROOF. ALL ELECTRIC PANELS REPLACED. 50% OF THE UNITS HAVE BEEN FULLY RENOVATED WITH NEW FLOORING CABINETS, COUNTERTOPS, APPLIANCES, AND FULL BATHROOM REMODELS.
MLS® Number8466675
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1961
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 23, 2026List Date
$3,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
2940 W Arkansas Ave, Denver, CO

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