3728 N Vance St Unit 1-4
Wheat Ridge, CO 80033
- 8 beds
- 4 baths
- 3,264 sqft
- 8,075 sqft lot
- $336 per sqft
- 1959 build
- – on site
Prime Investment Opportunity in Wheat Ridge - 4-Plex! Unlock the potential of income-generating real estate with this exceptional 4-plex in the heart of Wheat Ridge, Colorado. This property offers investors a prime opportunity to capitalize on the growing rental demand while benefiting from a modern living environment designed for tenant satisfaction. Units: 4 (Each featuring 2 Bedrooms and 1 Bathroom) Key Features: Each unit is being updated with contemporary designs that appeal to today's renters. High Rental Income Potential: With a projected gross income of $102,768 annually, this property is positioned to maximize returns, yielding a strong Projected Cap Rate of 8.83% based on an all-cash offer and anticipated operating income. Each unit's functional layout ensures tenant comfort, maximizing occupancy and minimizing turnover. Located near shopping, dining, and parks, residents enjoy an active lifestyle with easy access to major highways. Wheat Ridge is rapidly growing, making it a hot market for rental properties, evidenced by competitive rental rates found on Zillow. Recent comps in the area indicate rental rates aligning with the monthly rate of $8,564, demonstrating strong demand and validating the investment potential of this property. Nearby properties are achieving similar occupancy rates, establishing Wheat Ridge as a thriving rental market. Investment Summary: Gross Income: $102,768 Annual Operating Expenses: $6,000 Actual Annual Net Income: $96,768 Cap Rate: Approximately 8.83% (based on an all-cash offer) Price: $1,095,000 Don't let this opportunity pass you by! Whether you're a seasoned investor or new to the multi-family market, this 4-plex in Wheat Ridge is set to deliver excellent returns and long-term growth potential. Contact us today to schedule a walkthrough and discover how you can make this prime income property your own!
Last checked:
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Last updated Mar 20, 2025
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MLS# 8193818 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1959
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New Construction:false
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Construction Materials:Brick/Brick Veneer
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Architectural Style:Foursquare/Denver Square
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Building Area Total:3264
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Total SqFt:3264
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Roof:Composition
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Levels:Two
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Stories:2
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# of Units Total:4
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Unit Number:1-4
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Patio And Porch Features:Patio
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Above Grade Finished Area:3264
Room Dimensions
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Living Area:3264
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Living Area Units:Square Feet
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash
Location
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Coordinates:-105.079361, 39.768047
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Latitude:39.768047
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Longitude:-105.079361
The Property
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Property Type:Residential Income
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Property Subtype:Income Property
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Property Condition:Fixer
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Lot Size Acres:0.19
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Lot Size SqFt:8075
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Lot Size Area:8075
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Lot Size Units:Square Feet
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Exclusions:No Exclusions
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Horse:false
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Exterior Features:Balcony
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Water Source:City Water
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Waterfront:false
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2023
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Tax Annual Amount:3558
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
The Listing
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Special Listing Conditions:Private Owner
Heating & Cooling
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Heating:Forced Air
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Heating:true
Utilities
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Utilities:Electricity Available
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Gas:Separate Meter Gas
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Electric:Electric, Separate Meter Electricity
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Sewer:City Sewer
Appliances
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Appliances:Refrigerator
Schools
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Elementary School:Belmar
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Middle Or Junior School:Everitt
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High School:Wheat Ridge
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High School District:Jefferson County R-1
The Community
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Subdivision Name:Wheatridge
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Association:false
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Spa:false
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Senior Community:false
Parking
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Garage:true
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Attached Garage:false
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Garage Type:Off Street
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Garage Spaces:6
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Covered Spaces:6
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Other Parking:Parking Per Unit(1.5 Spaces/Unit)
Extra Units
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Bedrooms Unit 1:2
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Total Baths Unit 1:1
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Bedrooms Unit 2:2
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Total Baths Unit 2:1
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Bedrooms Unit 3:2
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Total Baths Unit 3:1
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Bedrooms Unit 4:2
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Total Baths Unit 4:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/19/25
Mar 19, 2025
|
Listed / Active | IRES | $1,098,000 |
