3830 Otis St, Unit 1-4 Wheat Ridge, CO 80033
Spacious, updated quadplex in Edgewater with long-term tenants.
Property Features for 3830 Otis St
General Information
- Property type
- Investment
- Standard status
- Active
Building Details
- Year built
- 1981
Source:
Elliman
Listing Agent: Chad Hartmann
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Edgewater Area Updated Quadplex
This quadplex is located in the Edgewater area and presents an investment opportunity. The property features four units, each exceeding 1600 square feet, with each unit containing 2 bedrooms and 2 bathrooms, a large kitchen with an additional dining area, a family room, and a living room, as well as their own washer and dryer. The kitchens feature stainless steel appliances, and the second-floor bathrooms are equipped with 4-piece fixtures. Recent updates include new flooring, contemporary countertops in the kitchens and bathrooms, and new tile in the kitchen backsplash and bathrooms. Additional upgrades consist of new windows, a newer roof, fresh paint inside and out, new gutters, new boilers, and newer privacy fencing. New swamp coolers provide efficient cooling. New landscaping completes the property's upkeep. Each unit includes its own detached carport and a one-car garage, along with outside 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. The property is suitable for investors seeking a stable income stream and a well-maintained asset.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Wheat Ridge
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.0708125
- Latitude
- 39.7699646
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FAQs
What type of property is this?
Quadplex - Spacious, updated quadplex in Edgewater with long-term tenants.
Where is this quadplex located?
The property is located at 3830 Otis St, Unit 1-4 Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: - Four spacious units, each over 1600 sq ft, featuring 2 bedrooms and 2 bathrooms.; - **Completely updated with new flooring, countertops, tile, windows, roof, paint (in and out), gutters, boilers, swamp coolers, and landscaping.**; - Each unit includes a large kitchen with dining area, family room, living room, and washer/dryer.
