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8 Beds
8 Baths
6,548 sqft

$1,499,900

3830 Otis Street Unit: 1-4, Wheat Ridge CO, 80033

Price per sqft$229.06
Built in1981
Property size6,548 sqft
Property typeMulti-family

Overview

Active

Listed Aug 31, 2024

Updated 4 weeks ago

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.

$9,979/mo

Est. mortgage payment based on a $1,499,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2082472

Interior Features

Bedrooms
8
Bathrooms
8
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$2,326
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No
MLS provider logo
Listed by The Old Country Real Estate Group LLC, Chad Hartmann, Listing Contact:  
 

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