CO > Wheat Ridge > Patio Court Condos
Wheat Ridge, CO 80033,3830 Otis #1-4
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Wheat Ridge, CO 80033,3830 Otis #1-4
Wheat Ridge, CO 80033,3830 Otis #1-4
Wheat Ridge, CO 80033,3830 Otis #1-4
Wheat Ridge, CO 80033,3830 Otis #1-4
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Dave Fish

Dave Fish

+1(303) 818-3413
$ 1,775,000
Est. payment /mo
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Active

3830 Otis #1-4 Wheat Ridge, CO 80033

8 Beds

8 Baths

6,548 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,548 sqft

Subdivision Patio Court Condos

MLS Listing ID IRE2082472

Bedrooms 8

HOA Y/N No

Year Built 1981

Annual Tax Amount $2,326

Tax Year 2023

Source ires

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.

Location

State CO

County Jefferson

Community Patio Court Condos

Area Metro Denver

Interior

Interior Features Walk-In Closet(s)

Heating Forced Air

Cooling Evaporative Cooling, Ceiling Fan(s)

Fireplaces Type Two or More

Appliance Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Fire Alarm

Exterior

Exterior Feature Sprinkler System

Garage Spaces 4.0

Utilities Available Electricity Available, Separate Meter Electricity, Separate Meter Gas

View Y/N No

Roof Type Composition

Porch Patio

Garage Yes

Building

Lot Description Gutters

Sewer Public Sewer

Water City

Structure Type Brick,Wood Siding

New Construction false

Schools

Elementary Schools Stevens

Middle Schools Everitt

High Schools Jefferson Dist R-1

School District Jefferson Dist R-1

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)
Listed by Chad Hartmann
Dave Fish

Dave Fish

+1(303) 818-3413

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3830 Otis #1-4

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