3830 Otis Street #1-4
Wheat Ridge, CO 80033
6548 sqft | 8 beds | #2082472
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
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Chad Hartmann (#REC55057762)
Listing Office: The Old Country Real Estate Group LLC (#RECM4148)
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