3830 Otis Street #1-4, Wheat Ridge, CO 80033
Local realty services provided by:ERA New Age
3830 Otis Street #1-4,Wheat Ridge, CO 80033
$1,775,000
- 8 Beds
- 8 Baths
- 6,548 sq. ft.
- Multi-family
- Active
Listed by:chad hartmann720-724-3933
Office:the old country real estate group llc.
MLS#:2082472
Source:ML
Price summary
- Price:$1,775,000
- Price per sq. ft.:$271.08
About this home
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.
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Home facts
- Year built:1981
- Listing ID #:2082472
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Living area:6,548 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1981
- Building area:6,548 sq. ft.
Schools
- High school:Wheat Ridge
- Middle school:Everitt
- Elementary school:Stevens
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,775,000
- Price per sq. ft.:$271.08
- Tax amount:$2,326 (2023)
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