$2,100,000
8 Bed
8 Bath
6,548 Sqft
0 Acre Lot

3830 Otis Street, Wheat Ridge, Colorado 80033

  • Residential Income Property Type
  • 6,548 Sqft Square Footage
  • Concrete Cars Garage
  • 1981 Year Built
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.

Basic Details
Residential Income
For Sale
2082472
$2,100,000
8
8
0
6,548 Sqft
1981
0 Acre
Active
Quadplex
Features
: Forced Air
: Evaporative Cooling
: Partial
: Family Room
: Smoke Detector(s)
: Front Porch, Covered
: Composition
: Concrete, Asphalt
: Rain Gutters, Lighting, Private Yard
: Carpet, Vinyl
: Walk-in Closet(s), Ceiling Fan(s), Laminate Counters
: In Unit
Appliances
: Dishwasher, Refrigerator, Dryer, Washer, Gas Water Heater, Disposal, Self Cleaning Oven
Address Map
US
CO
Jefferson
Wheat Ridge
80033
Otis
3830
Street
0
W106° 55' 45.1''
N39° 46' 11.5''
Neighborhood
Stevens
Wheat Ridge
Everitt
Additional Information
$0
4.18
$0
2+ Common Walls
$0
: Brick, Wood Siding
Jefferson County R-1
4
4
$92,400
Jefferson County R-1
Yes
$0
720-939-3600
: Landscaped, Sprinklers In Front
$20,360
REcolorado
400544
13
01/09/2024 04:00:16
26
Updated/remodeled
Public Sewer
Quadruplex
$2,326
2023
$0
$0
1-4
3830 Otis Street Unit 1-4, Wheat Ridge, Colorado 8
: Electricity Connected
$0
Public
Agent info
Adam Sessions
Mortgage Calculator
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The data relating to real estate for sale on this website comes in part from the REColorado. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Sessions Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are the best approximations only and exact locations should be independently verified.

The IDX display presents information sourced from Information and Real Estate Services, LLC (IRES). The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. Information deemed reliable but not guaranteed by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. ©2024 Information and Real Estate Services, LLC (IRES) all rights reserved.

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