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5755 W 37Th Ave Wheat Ridge, CO 80212

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For Sale
$1,820,000

Well-maintained apartment building in prime Wheat Ridge location.

Building Details

Year built
1960

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Listing Contact
Marc S Lippitt
Marc S Lippitt
Source: Tcnworldwide

Listing Agency: UNIQUE PROPERTIES LLC Listing Agent: Marc S Lippitt

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

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Overview

Wheat Ridge Multifamily Investment Opportunity

The Jefferson Towers, located at 5755 W 37th Ave in Wheat Ridge, Colorado, presents an opportunity to acquire a multifamily property in a stable and steadily improving environment. Wheat Ridge is home to approximately 33,000 residents, with a median household income near $88,000 and median owner values approaching $585,000. The property benefits from its prime location near West Highlands, Sloan’s Lake, Edgewater, and Tennyson Street. The property has been thoroughly maintained with substantial exterior and interior improvements, including updated electrical systems, fencing, parking lot, and common areas. Immediate rental upside is available without significant capital investment, and further value-add potential exists through light interior renovations. The property sits on a large 0.56-acre lot with flexible R-3 zoning, offering potential future development opportunities. There are no deferred maintenance or CapEx requirements, allowing new ownership to focus on rent stabilization and income growth.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Wheat Ridge
County
Jefferson
State
Colorado
Longitude
-105.0597688
Latitude
39.7679226

FAQs

What type of property is this?
Apartment building - Well-maintained apartment building in prime Wheat Ridge location.
Where is this apartment building located?
The property is located at 5755 W 37Th Ave Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,820,000.
What are key features of this property?
This property features: - Prime Wheat Ridge location near popular Denver neighborhoods offering strong long-term demand and appreciation potential.; - Immediate rental upside with no need for significant capital investment.; - No deferred maintenance or CapEx requirements, allowing focus on rent stabilization and income growth.
More about this property
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