REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Linette Nye Schmidt

linette@exitsilverthread.com +1(719) 588-1636

$ 2,100,000

Est. payment -/mo

Save

Active

3830 Otis ST #1-4 Wheat Ridge, CO 80033

8 Beds

8 Baths

6,548 SqFt

UPDATED:

09/24/2024 03:41 PM

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

HOA Y/N No

Originating Board recolorado

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

Interior Features Ceiling Fan(s), Laminate Counters, Walk-In Closet(s)

Heating Forced Air

Cooling Evaporative Cooling

Flooring Carpet, Vinyl

Fireplaces Number 4

Fireplaces Type Family Room

Fireplace Y

Appliance Dishwasher, Disposal, Dryer, Gas Water Heater, Refrigerator, Self Cleaning Oven, Washer

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

Parking Type Asphalt, Concrete

Total Parking Spaces 13

Garage No

Building

Lot Description Landscaped, Sprinklers In Front

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Wood Siding

Schools

Elementary Schools Stevens

Middle Schools Everitt

High Schools Wheat Ridge

School District Jefferson County R-1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo

Listing Terms 1031 Exchange, Cash, Conventional, Jumbo

Special Listing Condition None

Listed by The Old Country Real Estate Group LLC • 720-724-3933

Linette Nye Schmidt

Broker Associate | License ID: FA.100086260

+1(719) 588-1636

Linette Nye Schmidt

3830 Otis ST #1-4 Wheat Ridge, CO 80033

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

3830 Otis ST #1-4