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For Sale286 Days
$2,100,000

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

Income For Sale
8 Beds
8 + Half Baths
6,548 Sq. Ft.
The Old Country Real Estate Group LLC

Description for 3830 Otis Street #1-4, Wheat Ridge, CO 80033

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.

Property Details

Listing Details
For Sale
Income
Quadplex
None
For Sale
REC2082472
$2,100,000
09/01/2024
6,548 Sqft
1981
Traditional
6,548 Sqft
Single Family
Any/all items owned by current tenants.
13
Updated/remodeled
REC55057762
Location Information
US
CO
Jefferson
Wheat Ridge
80033
Otis
3830
Street
Patio Court Condos
W106° 55' 45.1''
N39° 46' 11.5''
1-4
Yes
Garage/Parking
Concrete,Asphalt
4
5
No
No
Interior Features
8
8
Family Room
Dishwasher,Disposal,Refrigerator,Dryer,Self Cleaning Oven,Washer,Gas Water Heater
Carpet,Vinyl
Ceiling Fan(s),Laminate Counters,Walk-in Closet(s)
Smoke Detector(s)
Exterior Features
Covered,Front Porch
No
No
Lighting,Private Yard,Rain Gutters
Composition
Brick,Wood Siding
Partial
WaterFront and WaterAccess
No
Land Info
Landscaped,Sprinklers In Front
Nw
400544
Monthly
Utilities
Forced Air
Evaporative Cooling
Public Sewer
HOA Info
Monthly
2+ Common Walls
No
Rental Info
Monthly
Tax Info
SECTION 24 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 586810 SUBDIVISIONNAME PATIO COURT CONDOS BLOCK LOT 0001 TRACT; SECTION 24 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 586810 SUBDIVISIONNAME PATIO COURT CONDOS BLOCK LOT 0002 TRACT; SECTION 24 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 586810 SUBDIVISIONNAME PATIO COURT CONDOS BLOCK LOT 0003 TRACT; SECTION 24 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 586810 SUBDIVISIONNAME PATIO COURT CONDOS BLOCK LOT 0004 TRACT
$2,326
2023
Schools
Stevens
Wheat Ridge
Everitt
Listing Information
The Old Country Real Estate Group LLC
Chad Hartmann
RECM4148
Recolorado
$2,100,000
09/24/2024 15:41:58
6,548 Sqft
Quadruplex
Electricity Connected
Public
Jefferson County R-1
Jefferson County R-1
Jefferson County R-1

Price History

Source: MLS
DateEventPriceSource
2024-09-01 03:58:35For Sale$2,100,000MLS
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Courtesy of The Old Country Real Estate Group LLC
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