3820-3830 Pierce St Wheat Ridge, CO 80033
Desirable duplex with garage, high income potential, and updated features.
Property size:
1,548 SFLot size:
0.21 AcresProperty Features for 3820-3830 Pierce St
General Information
- Size
- 1,548 SF
- Lot size
- 0.21 Acres
Building Details
- Year built
- 1952
Source:
Kw
Listing Agent: Carrie Hill
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Brick Duplex with Garage
This brick duplex, situated side by side, presents an investment opportunity with a history of high occupancy. The property, most recently rented for $43,450 annually across both units, includes a two-car garage and benefits from R-3 zoning, adjoining MU-N. Located just off 38th and Pierce, near local amenities, the property incurs annual taxes and insurance totaling $9,058, resulting in a NOI of $34,393 and a cap rate of 6.3%. The existing two-car garage offers the potential for conversion into a third unit, capitalizing on the favorable zoning. The property features hardwood floors, updated kitchens, and newer bathrooms with custom tile work. A new sewer line has been installed. The location and unit sizes are conducive to attracting long-term tenants. The roof and furnace have been certified. The previous long-term leases were intentionally ended.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Wheat Ridge
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.071758
- Latitude
- 39.7701081
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FAQs
What type of property is this?
Duplex - Desirable duplex with garage, high income potential, and updated features.
Where is this duplex located?
The property is located at 3820-3830 Pierce St Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: - High Income Potential: Current NOI of $34,393 and a desirable 6.3% Cap Rate.; - Development Opportunity: R-3 Zoning and adjoining MU-N zoning allow for potential conversion of the 2-car garage into a 3rd unit.; - Prime Location: Situated one building off 38th and Pierce, a highly desirable location.