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Home » Real Estate » CO » Wheat Ridge » 80033 » 3830 Otis St, #1-4, Wheat Ridge, CO, 80033
$2,100,000

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

8 Beds
8 Baths
6,548 Square Feet
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.
Offered By
Chad Hartmann 720-724-3933, The Old Country Real Estate Group LLC

Property Details

Property Type Residential Income
Status Active
Bedrooms 8
Property Sub Type Income Property
Square Feet 6,548
MLS # 2082472

Market Trends

New Properties On Market
24
100% Increase In New Listings
Average Asking Price
$628,570
$193,009 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$330
$2 Decrease In List Price/Sq. Ft.
Average Days On Market
22
30 Day Decrease In Days On Market
Data as of Sep 20, 2024. Remaining statistics above are calculated on activity within the period from Jul 01, 2024 to Aug 31, 2024.
Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 9/1/2024 at 11:32 am