Overview
Cushman & Wakefield is pleased to present Cinnamon Ridge Apartments, a wellmaintained 69-unit multifamily community located at 7655 W. 67th Avenue in the heart of Arvada, Colorado. Originally constructed in 1967, the property offers investors the rare opportunity to acquire a stable apartment community in one of Denver's most desirable suburban markets, benefiting from strong renter demand, limited barriers to entry, and exceptional long-term fundamentals.
Cinnamon Ridge offers spacious apartment homes in clean, well-maintained condition, complemented by desirable community amenities including a landscaped courtyard, barbecue area, on-site laundry facilities, ample off-street parking, and attractive mountain and courtyard views. 75% of unit interiors have had flooring and fixtures updated. Beyond that, unit interiors remain largely in original, basic condition, presenting a clear value-add opportunity for a new owner to modernize kitchens and bathrooms. The Arvada submarket has demonstrated a strong ability to absorb renovated units at solid rent premiums, positioning Cinnamon Ridge as an attractive candidate for a targeted capital improvement program.
The property's highly accessible location places residents just minutes from Olde Town Arvada, Downtown Denver, and major employment centers via Wadsworth Boulevard, Interstate 70, and nearby RTD G Line commuter rail stations. Daily conveniences are within walking distance, including grocery stores, restaurants, retail shopping, and neighborhood services. Outdoor recreation is abundant with nearby parks, trails, and open space, further enhancing the property's lifestyle appeal.
An additional advantage is the property's immediate adjacency to Arvada High School, creating a stable residential environment and making the community particularly attractive to families seeking convenient access to education. The surrounding area is supported by strong household incomes, high homeownership costs, and continued population growth, all of which reinforce long-term multifamily demand and provide an attractive backdrop for future rental growth.
Investment Highlights
PRIME ARVADA LOCATION
Situated in one of metro Denver's most desirable suburban communities, Cinnamon Ridge offers convenient access to Downtown Denver, Olde Town Arvada, major transportation corridors, shopping, dining, and employment centers, providing residents with an exceptional balance of suburban living and urban accessibility.
ESTABLISHED COMMUNITY WITH STRONG RESIDENT APPEAL
The 69-unit community has demonstrated long-term stability while offering spacious floor plans, mature landscaping, attractive mountain and courtyard views, and a peaceful residential atmosphere that continues to attract and retain tenants.
VALUE ADD OPPORTUNITY
75% of units have received LVP flooring and new fixtures, yet kitchens and baths remain in original condition across the entire property, giving a new owner a clear path to modernize and push rents to market. Converting the manager's unit back to its original 2-bedroom layout creates a 70th income producing unit, lowering basis and adding further strategic value.
SIGNIFCANT CAPITAL UPGRADES AND LIMITED NEAR-TERM CAP EX
Current ownership has completed signficant capital improvements limiting hear term CapEx including: new foof in 2023, new solar panel system (2023/2024), upgraded vinyl windows, and new water heater system.
EXCEPTIONAL WALKABILITY & EVERYDAY CONVENIENCE
The property is within walking distance of multiple shopping centers, restaurants, coffee shops, and neighborhood services while remaining only minutes from RTD commuter rail service, providing residents with excellent connectivity throughout the Denver metropolitan area.
STRONG DEMOGRAPHICS & LONG-TERM GROWTH FUNDAMENTALS
Arvada continues to be one of the Denver metro area's most desirable rental markets, supported by a growing population, above-average household incomes, excellent schools, abundant parks and recreation, and high barriers to homeownership. These favorable market fundamentals help sustain strong apartment demand and position Cinnamon Ridge for continued long-term investment performance.
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