Active Under Contract

3830 Otis Street #1-4, Wheat Ridge, CO, 80033

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3830 Otis Street #1-4, Wheat Ridge, CO, 80033

8 Beds
8 Baths
6,548 SqFt
0 Acres

Listing Id

2082472
$1,299,900

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.

Property Details
Price:
$1,299,900
MLS #:
2082472
Status:
Active Under Contract
Beds:
8
Baths:
8
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Patio Court Condos
Finished Sq Ft:
6,548
Year Built:
1981
TraditionalPatio Court CondosJefferson County R-1StevensEverittWheat Ridge
Interior
Appliances
Dishwasher, Disposal, Dryer, Gas Water Heater, Refrigerator, Self Cleaning Oven, Washer
Cooling
Evaporative Cooling
Fireplaces Total
4
Flooring
Carpet, Vinyl
Heating
Forced Air
Interior Features
Ceiling Fan(s), Laminate Counters, Walk-In Closet(s)
Laundry Features
In Unit
Levels
Two
Exterior
Architectural Style
Traditional
Construction Materials
Brick, Wood Siding
Exterior Features
Lighting, Private Yard, Rain Gutters
Fencing
Partial
Garage Spaces
4
Lot Features
Landscaped, Sprinklers In Front
Parking Features
Asphalt, Concrete
Patio And Porch Features
Covered, Front Porch
Roof
Composition
Schools
School District:
Jefferson County R-1
Elementary School:
Stevens
Middle School:
Everitt
High School:
Wheat Ridge
Financial
Taxes
$2,326

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3830 Otis Street #1-4
Wheat Ridge, CO