$2,100,000
For Sale

3830 Otis Street #1-4

Wheat Ridge, CO 80033
6548 sqft | 8 beds | #2082472
Listing OfficeThe Old Country Real Estate Group LLC
Browse 26 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

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.

  • Interior Details
      • InteriorCeiling Fan(s), Laminate Counters, Walk-In Closet(s)
      • Fireplaces4
    • Beds & Baths
      • Bedrooms8
  • Property Details
      • Exterior MaterialsLighting, Private Yard, Rain Gutters
      • Lot DescriptionLandscaped, Sprinklers In Front
    • Measurements
      • Square Feet6548
    • Parking
      • Parking Spaces4
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1981
  • Utilities / Energy Details
      • Utility FeaturesElectricity Connected
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionPatio Court Condos
    • Location
      • School DistrictJefferson County R-1
      • High SchoolWheat Ridge
      • CountyJefferson
      • Elementary SchoolStevens
      • Middle SchoolEveritt
  • Financial Details
      • Original List Price$2,100,000
      • Taxes Annual$2,326
  • Other
      • MLS #2082472

Location

Julie McCollam | Sellstate Altitude RealtyReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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