About 3830 Otis St 1-4
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.
Features of 3830 Otis St 1-4
| MLS® # | 2082472 |
|---|---|
| Price | $1,499,900 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Square Footage | 6,548 |
| Year Built | 1981 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 3830 Otis St 1-4 |
|---|---|
| Area | Wheat Ridge |
| Subdivision | Patio Court Condos |
| City | Wheat Ridge |
| County | Jefferson |
| State | CO |
| Zip Code | 80033 |
Amenities
| Utilities | Electricity Available, Separate Meter Electricity, Separate Meter Gas |
|---|---|
| Parking Spaces | 13 |
| Parking | Detached |
| # of Garages | 4 |
| Garages | Detached |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Walk-In Closet(s) |
|---|---|
| Appliances | Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Fire Alarm |
| Heating | Forced Air |
| Cooling | Evaporative Cooling, Ceiling Fan(s) |
| Fireplace | No |
| Fireplaces | Two or More |
| Stories | Two |
Exterior
| Exterior Features | Sprinkler System |
|---|---|
| Lot Description | Gutters |
| Roof | Composition |
| Construction | Brick, Wood Siding |
School Information
| District | Jefferson Dist R-1 |
|---|---|
| Elementary | Stevens |
| Middle | Everitt |
| High | Wheat Ridge |
Additional Information
| Days on Market | 711 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Chad Hartmann |
|---|---|
| Office | The Old Country Real Estate Group LLC |