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
September 13, 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
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Data last updated 10:07 AM UTC, 9/13/2024
