3830 Otis ST #1-4, Wheat Ridge, CO 80033
3830 Otis ST #1-4, Wheat Ridge, CO 80033
3830 Otis ST #1-4, Wheat Ridge, CO 80033
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$1,575,000
Est. payment /mo
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8 Beds
8 Baths
6,548 SqFt
Active

3830 Otis ST #1-4 Wheat Ridge, CO 80033

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,548 sqft

Price per Sqft $240

Subdivision Patio Court Condos

MLS Listing ID 2082472

Style Traditional

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 6,548

Year Built 1981

Annual Tax Amount $2,326

Tax Year 2023

Property Sub-Type Quadruplex

Source recolorado

Property 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.

Location

State CO

County Jefferson

Interior

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

Heating Forced Air

Cooling Evaporative Cooling

Flooring Carpet, Vinyl

Fireplaces Number 4

Fireplaces Type Family Room

Fireplace Y

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

Laundry In Unit

Exterior

Exterior Feature Lighting, Private Yard, Rain Gutters

Parking Features Asphalt, Concrete

Garage Spaces 4.0

Fence Partial

Utilities Available Electricity Connected

Roof Type Composition

Total Parking Spaces 13

Garage No

Building

Lot Description Landscaped, Sprinklers In Front

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Wood Siding

Schools

Elementary Schools Stevens

Middle Schools Everitt

High Schools Wheat Ridge

School District Jefferson County R-1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo

Listing Terms 1031 Exchange, Cash, Conventional, Jumbo

Special Listing Condition None


REColorado (REColorado MLS)
Listed by The Old Country Real Estate Group LLC

Nearby Locations

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Travis Hightower

Travis Hightower

+1(303) 500-3200

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TESTIMONIALS

Travis helped me buy my house and sell it. He's thorough and on top of every step in the buying/selling process. I've had friends deal with lackadaisical realtors who are impossible to get ahold of and Travis does not fit that mould. He has a great team on his side who did all of the heavy lifting and kept me in the loop throughout the entire selling process. He got my house under contract in less than a week for well over what I thought I'd sell for. He went above and beyond from start to finish. I'm so grateful for the opportunity to work with Travis!

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3830 Otis ST #1-4