Active Under Contract Multi-Family MLS# 2082472

3830 Otis Street #1-4

Wheat Ridge, CO 80033

$1,299,900

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About 3830 Otis Street #1-4

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.

Property details

Property

Type
Quadruplex
MLS type
Residential Income
Status
Active Under Contract
Year built
1981
Stories
2
Living area
6,548 sqft
Price / sqft
$199
MLS #
2082472

Interior

Features
Ceiling Fan(s), Laminate Counters, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Dryer, Gas Water Heater, Refrigerator, Self Cleaning Oven, Washer
Flooring
Carpet, Vinyl
Heating
Forced Air
Cooling
Evaporative Cooling
Fireplaces
4
Laundry
In Unit

Exterior & lot

Features
Lighting, Private Yard, Rain Gutters
Roof
Composition
Lot
Landscaped, Sprinklers In Front
Patio & porch
Covered, Front Porch
Fence
Partial
Parking
Asphalt, Concrete
Garage spaces
4

Schools

District
Jefferson County R-1
Elementary
Stevens
Middle
Everitt
High
Wheat Ridge

Utilities

Utilities
Electricity Connected
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$2,326
Parcel
400544
Special conditions
None Known

Location

Subdivision
Patio Court Condos
County
Jefferson

Ask about this property

Questions on 3830 Otis Street #1-4, or want to see it in person?

Listed by Chad Hartmann, The Old Country Real Estate Group LLC

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