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3830 Otis Street , 1-4

Wheat Ridge, CO 80033
  • $2,100,000
  • STATUS: Active
  • ON SITE: 143 Days
  • ID#: 2082472
UPDATED: 79 min ago
$2,100,000
  • 8
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,548
    SQFT
  • $321
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1981
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
REcolorado logo Offered by The Old Country Real Estate Group LLC.

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.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than HomeChex are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.homechexsells.com/homes/154487883
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3830 Otis Street , 1-4 Wheat Ridge, CO 80033

  • Price: $2,100,000
  • Status: Active
  • On Site: 143 Days
  • Updated: 79 min ago
  • ID#: 2082472
8
Beds
0
Baths
0
½ Baths
N/A
Acres
6,548
SQFT
$321
$/SQFT
1981
Built
Neighborhood:
Patio Court Condos
County:
Jefferson
Area:
Wheat Ridge
Elementary School:
Stevens
Middle School:
Everitt
High School:
Wheat Ridge
School District:
Jefferson County R-1
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.
Exterior Features

Architectural Style Traditional Attached Garage YN No Carport Spaces 5 Construction Materials BrickWood Siding Exterior Features LightingPrivate YardRain Gutters Fencing Partial Lot Features LandscapedSprinklers In Front Offstreet Spaces 0 Parking Features AsphaltConcrete Parking Total 13 Patio And Porch Features CoveredFront Porch Roof Composition Rv Spaces 0 Structure Type Quadruplex

Interior Features

Above Grade Finished Area 6548 Appliances DishwasherDisposalDryerGas Water HeaterRefrigeratorSelf Cleaning OvenWasher Basement YN No Common Walls 2+ Common Walls Cooling Evaporative Cooling Fireplace Features Family Room Fireplaces Total 4 Flooring CarpetVinyl Heating Forced Air Interior Features Ceiling Fan(s)Laminate CountersWalk-In Closet(s) Laundry Features In Unit Levels Two

Property Features

Actual Annual Net Income 70192.00 Association Fee Annual 0.00 Association Fee Total Annual 0.00 Association Fee2 Annual 0.00 Association Fee3 Annual 0.00 Association YN No Building Area Source Public Records Comparable Listing YN No Exclusions Any/all items owned by current tenants. Green Verification Count 0 Gross Income 92400 Listing Terms 1031 ExchangeCashConventionalJumbo Living Area Sq Ft 6548 Operating Expense 20360 Operating Expense Includes InsuranceMaintenanceOtherReal Estate Tax Owner Pays InsuranceTaxesTrash CollectionWater Ownership Individual Possession Closing/DOD Property Attached YN Yes Property Condition Updated/Remodeled Property Sub Type Quadplex Restrictions Covenants YN No Security Features Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 2326 Tax Legal Description 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 Tax Year 2023 Tenant Pays Cable TVElectricityGasGrounds Care Utilities Electricity Connected Water Source Public

REcolorado logo Listing courtesy of The Old Country Real Estate Group LLC:720-724-3933. MLS #2082472


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than HomeChex are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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17374 E 102nd Place
Commerce City CO, 80022
REcolorado logo Offered by The Old Country Real Estate Group LLC.