3830 Otis ST #1-4 Active Save Request In-Person Tour Request Virtual Tour
Wheat Ridge,CO 80033
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
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