3830 Otis St #1-4Wheat 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 TypeMulti-Family
- NeighborhoodPatio Court Condos
- CountyJefferson
- Taxes$2,326
- HOA/Condo/Coop Fees$0
- Days on Site26 Days
- MLS StatusActive
- MLS ID Number2082472
- Home Size Source Assessor
- Year Built1981
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Wood SidingBrick/Brick Veneer
- Sewer Public Sewer
- Number of Stories 2
- Property Sub Type Multi Family
- Garage Spaces 4
- Attached Garage No
- Utilities Electricity Available
- Garage Detached
- Tenant Pays GasElectricityExterior Maintenance
Interior Features
- Cooling Evaporative CoolingCeiling Fan(s)
- Heating Forced Air
- Appliances Self Cleaning OvenDishwasherRefrigeratorWasherDryerDisposal
- Interior Walk-In Closet(s)
- Fireplace Features 2+ Fireplaces
- Fireplace Yes
- Other Interior Features Walk-In Closet(s)
- Design Features Walk-in Closet
Exterior Features
- Roof Composition
- Fencing Partial
- Spa No
- Waterfront Property No
- Lot GuttersLawn Sprinkler System
- Patio And Porch Patio
- Fences Partial
- Waterfront No
Community Features
- Senior Community No
- MLS Area Metro Denver