$1,775,000

3830 Otis St 1-4, Wheat Ridge, CO 80033

  • 8 beds |
  • 8 baths |
  • 6,548 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1981
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $271/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Welcome to this exceptional quadplex in the desirable Edgewater area, offering a prime investment opportunity with four spacious units, each over 1600 square feet. Something you will not find in any other income property in the surrounding area. Every unit features 2 bedrooms and 2 bathrooms, large kitchen with additional dining area, family room and living room, and their own washer/dryer, designed for comfort and modern living. Stainless Steel appliances finish the modern look of the kitchens, and 4-piece second floor bathrooms provide ample space. The new owner will not have to do anything as recent updates include sleek new flooring, contemporary countertops in the kitchens/baths, and stylish new tile in the kitchen backsplash and bathrooms. Additional upgrades consist of new windows, a newer roof, fresh paint in and out, new gutters, new boilers, and newer privacy fencing. New swamp coolers add to the appeal, providing efficient cooling. New landscaping finishes out the extraordinary upkeep this property has endured. Each unit is equipped with its own detached carport and a one-car garage, along with outside parking ensuring substantial parking. Existing tenants have been leasing for extended periods, and vacancy rates have been zero for over 1 1/2 years and below 2% prior to that. With its blend of updated features and convenient amenities, and great location, this quadplex is a standout property for investors seeking a stable income stream and a well-maintained asset in the Edgewater area.

Listing Status:
Active
Listing Office:
The Old Country Real Estate Group LLC : 720-724-3933
Listing Agent:
Chad Hartmann : 720-724-3933
MLS ID:
2082472
  • General: Walk-In Closet(s)
  • Appliances: Self Cleaning OvenDishwasherRefrigeratorWasherDryerDisposalFire Alarm
  • A/C: Evaporative CoolingCeiling Fan(s)
  • Heating: Forced Air
  • Fireplace: Two or More
  • General: Sprinkler System
  • Other Structures: Patio
  • Parking: Parking spaces: 13
  • Roofing: Composition
  • General: BrickWood SidingTwo
  • Originating MLS: ires
  • School District: Jefferson Dist R-1
  • County: Jefferson
  • Fencing: Partial
  • Utilities: Electricity AvailableSeparate Meter ElectricitySeparate Meter Gas
  • Water: City
  • Sewer: Public Sewer
  • Source: ires
  • Exclusions: Any/all items owned by current tenants.

This listing courtesy of Chad Hartmann, The Old Country Real Estate Group LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Stevens Elementary School

4001 Reed St, Wheat Ridge, CO, 80033

Grades PK-5

0.31 miles away

E

Everitt Middle School

3900 Kipling St, Wheat Ridge, CO, 80033

Grades 6-8

1.92 miles away

W

Wheat Ridge High School

9505 W 32nd Ave, Wheat Ridge, CO, 80033

Grades 9-12

1.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.