Active

3830 Otis Street Unit: 1-4

Wheat Ridge CO, 80033

$2,100,000


$320.71 per sqft

Active

8 Beds

8 Baths

6,548 sqft

Multi-family

Built in 1981

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.

2082472

MLS ID

September 1, 2024

Listed

October 10, 2024

Updated

Map

3830 Otis Street Unit: 1-4
Wheat Ridge CO, 80033

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

8


Interior Features

Ceiling Fan(s), Laminate Counters, Walk-In Closet(s)


Appliances

Dishwasher, Disposal, Dryer, Gas Water Heater, Refrigerator, Self Cleaning Oven, Washer


Laundry Description

In Unit


Floor Description

Carpet, Vinyl


Fireplace

Yes


Fireplace Description

Family Room


Cooling

Yes


Cooling Description

Evaporative Cooling


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Exterior Features

Lighting, Private Yard, Rain Gutters


Lot Features

Landscaped, Sprinklers In Front


Architectual Style

Traditional


Roof

Composition


Sewer

Public Sewer

School Information

School District

Jefferson County R-1


High School

Wheat Ridge


Elementary School

Stevens

Other Property Details

Taxes

$2,326


Tax Frequency

Annually


Garage

Yes


Garage Spaces

4


Parking

Asphalt, Concrete


Parking Total

13


View

No


County

Jefferson


Water Source

Public


Pool

No

Listed by The Old Country Real Estate Group LLC, Chad Hartmann, Listing Contact: 720-724-3933 
 

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