SQUARE FEET2,300
MLS#3500367
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
Marcus & Millichap Real Estate Investment Services of Atlant
Property Description
16680 W 11th Ave presents a rare opportunity to acquire a stabilized, cash-flowing multifamily asset in one of the tightest, highest-barrier submarkets in Colorado. With 100% occupancy, consistent rent collections, and a 6.67% in-place cap rate, the property delivers immediate yield rarely achievable in Goldens small-multifamily segment. Current operations generate $56,674 NOI, with Year 1 NOI projected to climb to $64,011 through natural loss-to-lease burn-off, modest rent adjustments, and continued growth in utility bill-backs and ancillary revenue streams. This represents a 13% NOI increase with no major capital expenditure requirements.Rents average $1,300 ($2.83/SF) across efficient 1-BD and 2-BD layouts. Strong rent/SF performance reflects the dense renter demand of the submarket, yet the total rents remain $150?$300 below comparable Golden units, providing an easily captured mark-to-market runway. Comparable buildings across Ulysses, W 4th Ave, W 8th Pl, and Nevada routinely achieve $1,325?$1,750 depending on size and unit mix, creating a clear and documented revenue upside without repositioning or heavy renovation.Financing metrics are equally compelling: at a 6% interest rate and 65% LTV, buyers achieve Year 1 cash-on-cash of 10.37% and a 1.93 DCR, offering a strong cushion even under conservative economic expectations.Goldens long-standing regulatory constraints, limited development pipeline, and affluent renter profile further reinforce the assets durability. With robust demographics, minimal new supply, proven rent depth, and consistent operational performance, 16680 W 11th Ave stands as one of the most secure and yield rich small-unit offerings available in the Denver metro today?ideal for private capital, 1031 buyers, and long-term operators seeking stable cash flow with upside.
Property Features
Property Type: Commercial - Business
Lot Size: 0.50 Acres
Taxes: $2,601
Year Built: 1950
Feature Descriptions
Exclusions: n/a
Parcel#: 001638
Sewer: Public Sewer
Units: 5
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap Real Estate Investment Services of Atlant
Shown By
Agent Name: Coreena Dones
Agent Phone: Cell: (720) 425-0851
Agency Title: The Cutting Edge, Realtors
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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16680 W 11th Ave Avenue | MLS# 3500367
This commercial property located at 16680 W 11th Ave Avenue, Golden, CO 80401 is currently listed for sale with an asking price of $850,000. Search Golden real estate on www.coreenacolorado.com today.