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$1,500,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9236769
HOA Y/N No
Year Built 1951
Annual Tax Amount $6,488
Tax Year 2024
Lot Size 0.324 Acres
Acres 0.32
Property Sub-Type Multi Family
Source recolorado
Property Description
3851 Otis Street is a seven-unit property located in a quiet residential pocket of Wheat Ridge. The property attracts great long-term tenants because of their quality, upkeep, location, and affordability. 3851 Otis presents a compelling opportunity for investors seeking stable, long-term returns in a growing market that displays year-over-year growth with high barriers to entry for continued development.
• Fully Renovated Property
• No Anticipated Cap Ex - Very Well Maintained
• Newer Roofs
• Updated Mechanical Systems
• Opportunity to Improve Rents Through Further Cosmetic Renovations
• Quiet Wheat Ridge Neighborhood
County: Jefferson
Year Built: 1951
# Buildings: 1
# Stories: 2
Total Units: 7
Construction: Masonry
Roof Type: Pitched
Gross Building SF: 5,520
Lot SF: 14,113
Parking: Open | 15 Spaces
Cooling/Heating: ?Wall Units/Boiler
Gas/Electric: Master/Individual
Water/Sewer: Master
• Fully Renovated Property
• No Anticipated Cap Ex - Very Well Maintained
• Newer Roofs
• Updated Mechanical Systems
• Opportunity to Improve Rents Through Further Cosmetic Renovations
• Quiet Wheat Ridge Neighborhood
County: Jefferson
Year Built: 1951
# Buildings: 1
# Stories: 2
Total Units: 7
Construction: Masonry
Roof Type: Pitched
Gross Building SF: 5,520
Lot SF: 14,113
Parking: Open | 15 Spaces
Cooling/Heating: ?Wall Units/Boiler
Gas/Electric: Master/Individual
Water/Sewer: Master
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Roof Type Unknown
Total Parking Spaces 15
Garage No
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Kaufman Hagan
Learn More About LPT Realty
Cesar Peña
Real Estate Advisor | License ID: FA.100097076
Real Estate Advisor License ID: FA.100097076