Residential Income for Sale: 3830 Otis #1-4, Wheat Ridge, CO 80033

8 beds
8 baths
6,548 sqft
mls #2082472
$2,100,000
$2,100,000
3830 Otis #1-4, Wheat Ridge, CO 80033
8 beds
8 baths
6,548 sqft
mls #2082472
$2,100,000
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Price:
$2,100,000

Type Residential Income
Beds 8
Total Baths 8 baths
Square Feet 6,548 sqft
Garage Spaces 4
Year Built 1981

City Wheat Ridge
County Jefferson
School District Jefferson County R-1
Subdivision Patio Court Condos

MLS 2082472
Status Active
DOM 83 days
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.

Room Features

Interior Features Walk-In Closet(s)

Lot & Building Features

Appliances Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Heating Forced Air
Cooling Evaporative Cooling, Ceiling Fan(s)
Sewer City Sewer, Public Sewer
Tax Year 2023
Water City Water
Interior Walk-In Closet(s)
Fireplace 2+ Fireplaces
Lot Gutters, Lawn Sprinkler System

Community and Schools

Elementary School Stevens
Junior High School Everitt
Senior High School Wheat Ridge

Unit Features

Unit 1 - DS Bedrooms 2
Unit 1 - DS Est Sq Ft 1637
Unit 1 - DS Rent 1900
Unit 1 - DS Total Baths 2
Unit 2 - DS Bedrooms 2
Unit 2 - DS Est Sq Ft 1637
Unit 2 - DS Rent 2000
Unit 2 - DS Total Baths 2
Unit 3 - DS Bedrooms 2
Unit 3 - DS Est Sq Ft 1637
Unit 3 - DS Rent 1800
Unit 3 - DS Total Baths 2
Unit 4 - DS Bedrooms 2
Unit 4 - DS Est Sq Ft 1637
Unit 4 - DS Rent 2000
Unit 4 - DS Total Baths 2

Price History of 3830 Otis, Wheat Ridge, CO

Date Name Price Difference
08/31/2024 Listing Price $2,100,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 3830 Otis, Wheat Ridge, CO

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Listed by The Old Country Real Estate Group LLC, Chad Hartmann 720-724-3933
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1%
6.75%
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3830 Otis (MLS #2082472) is a residential income listing located in Wheat Ridge, CO. This residential income listing is 6,548 sqft with 8 bedrooms and 8 baths. This property was listed on 08/31/2024 and has been priced for sale at $2,100,000.

Nearby zip codes are 80002, 80030, 80212, 80214 and 80223. This property neighbors other cities such as Arvada, Denver, Edgewater, Lakeside and Lakewood.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: The Old Country Real Estate Group LLC

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES 2024