3830 Otis ST #1-4 Active

Wheat Ridge,CO 80033

$ 2100000

8 Beds

8 Baths

6548 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,548 sqft

Price per Sqft $320

Subdivision Patio Court Condos

MLS Listing ID 2082472

Style Traditional

Bedrooms 8

Year Built 1981

Annual Tax Amount $2,326

Tax Year 2023

Property Description

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.

Location

State CO

County Jefferson

Interior

Heating Forced Air

Cooling Evaporative Cooling

Flooring Carpet,Vinyl

Fireplaces Number 4

Fireplaces Type Family Room

Laundry In Unit

Exterior

Exterior Feature Lighting,Private Yard,Rain Gutters

Garage Asphalt,Concrete

Garage Spaces 4.0

Fence Partial

Utilities Available Electricity Connected

Roof Type Composition

Building

Lot Description Landscaped,Sprinklers In Front

Story Two

Sewer Public Sewer

Water Public

Structure Type Brick,Wood Siding

Schools

Elementary Schools Stevens

Middle Schools Everitt

High Schools Wheat Ridge

School District Jefferson County R-1

Others

Acceptable Financing 1031 Exchange,Cash,Conventional,Jumbo

Listing Terms 1031 Exchange,Cash,Conventional,Jumbo

Special Listing Condition None

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