Overview
Marcus & Millichap is pleased to present 16680 W 11th Avenue, a stabilized 5-unit multifamily asset located in the heart of Golden, Colorado. Built in 1950, the property has been thoughtfully renovated and maintained by current ownership and offers investors a low-maintenance, cash-flowing opportunity in one of the Denver metro’s most supply-constrained and desirable rental submarkets. With immediate proximity to major employment hubs, outdoor recreation, and downtown Golden amenities, the property provides consistent renter demand and long-term investment durability.
Investment Highlights
STRONG IN-PLACE CASH FLOW:
6.73% cap rate with 15.81% Year 1 cash-on-cash and a 2.42 DCR, providing excellent downside protection.
ABILITY TO ADD 6TH UNIT:
The rear ADU is newly renovated and can be zoned conforming by new ownerhsip, creating roughly $1,300 in additional monthly income.
HIGH-BARRIER GOLDEN SUBMARKET:
Ultra-limited supply, affluent demographics, and exceptional long-term rent durability.
Photo Gallery
