Hearthstone Flats is a fully renovated apartment community in the heart of Arvada, just minutes from Olde Town Arvada, Arvada Market Place, and I-70. The property has been thoughtfully updated with new LVT flooring, modern kitchens and baths, stainless steel appliances, and upgraded interior finishes throughout, complemented by on-site laundry, off-street parking, and a quiet, park-like setting. With new roof, gutters, stairs, and sewer lines all installed within the past several years, the asset offers a turnkey physical plant with limited near-term capital needs. In-place rents remain well below surrounding renovated comparables, creating a clear path to meaningful NOI growth through natural lease turnover and strategic rent adjustments, without the execution risk of heavy renovation.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Pending
Year built
1961
Stories
1
Living area
16,400 sqft
Price / sqft
$195
MLS #
6699931
Interior
Heating
Hot Water
Cooling
Other
Schools
District
Jefferson County R-1
Elementary
Arvada K-8
Middle
Arvada K-8
High
Arvada
Utilities
Sewer
Public Sewer
Financial
Annual tax
$23,949
Parcel
011935
Special conditions
None Known
Location
Subdivision
639600 RIDGE PARK
County
Jefferson
Ask about this property
Questions on 5361 Everett St, or want to see it in person?
Listed by Charles Burkhart, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.