3830 Otis Street Unit 1-4
Wheat Ridge, CO 80033
- 8 beds
- 8 baths
- 6,548 sqft
- $320 per sqft
- 1981 build
- – on site
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.
Last checked:
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Last updated Sep 24, 2024
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MLS# 2082472 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1981
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Architectural Style:Traditional
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Construction Materials:Brick, Wood Siding
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Structure Type:Quadruplex
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Exterior Features:Lighting, Private Yard, Rain Gutters
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Patio And Porch Features:Covered, Front Porch
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Security Features:Smoke Detector(s)
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Roof:Composition
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Common Walls:2+ Common Walls
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Basement:false
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Levels:Two
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Building Area Total:6548
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Building Area Source:Public Records
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Above Grade Finished Area:6548
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Property Attached:true
Interior
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Interior Features:Ceiling Fan(s), Laminate Counters, Walk-In Closet(s)
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Flooring:Carpet, Vinyl
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Fireplaces Total:4
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Fireplace Features:Family Room
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Laundry Features:In Unit
Room Dimensions
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Living Area:6548
Location
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Latitude:39.76985079
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Longitude:-105.07079527
The Property
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Property Type:Residential Income
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Property Subtype:Quadplex
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Parcel Number:400544
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Property Condition:Updated/Remodeled
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Lot Features:Landscaped, Sprinklers In Front
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Exclusions:Any/all items owned by current tenants.
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Fencing:Partial
Listing Agent
- Contact info:
- Agent phone:
- (720) 724-3933
- Office phone:
- (720) 939-3600
Taxes
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Tax Year:2023
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Tax Annual Amount:2326
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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
Beds
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Bedrooms Total:8
Baths
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Total Baths:8
Heating & Cooling
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Heating:Forced Air
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Cooling:Evaporative Cooling
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Dryer, Gas Water Heater, Refrigerator, Self Cleaning Oven, Washer
Schools
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Elementary School:Stevens
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Elementary School District:Jefferson County R-1
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Middle Or Junior School:Everitt
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Middle Or Junior School District:Jefferson County R-1
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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:Patio Court Condos
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Senior Community:false
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Association:false
Parking
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Parking Total:13
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Parking Features:Asphalt, Concrete
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Attached Garage:false
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Garage Spaces:4
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Reserved Spaces:4
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Carport Spaces:5
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).
