3760 Owens St Active Save Request In-Person Tour Request Virtual Tour
Wheat Ridge,CO 80033
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,588 sqft
Price per Sqft $231
Subdivision Brookside
MLS Listing ID 8504297
Style Ranch
Bedrooms 8
Year Built 1967
Annual Tax Amount $4,519
Lot Size 8,712 Sqft
Property Sub-Type Income Property
Property Description
Fully leased 4-plex in the heart of well established Applewood area of Wheat Ridge, across the street from a charming park and just off Kipling and 38th. This property is ideally positioned south of I70, just minutes from Downtown Denver or Golden. Priced at $830,000, this fully leased value-add opportunity features four 2BR/1BA units, plentiful off street parking in designated lot, and additional income from laundry and utility reimbursements (RUBS). Currently producing a 5.57% cap rate. Could use light renovations but running smoothly as is and any future updates could be handled minimally, during next turns. Local demographics and the central location with proximity to all major thoroughfares provide this property's long term value and rental demand. Surrounding residential area has experienced a major rejuvenation and modern development with high end SFRs. Investors should jump at this rare multifamily opportunity in this highly desirable, growth-oriented corridor.
Location
State CO
County Jefferson
Area Metro Denver
Interior
Heating Baseboard
Cooling Room Air Conditioner
Laundry Common Area
Exterior
Garage Spaces 4.0
Utilities Available Electricity Available,Cable Available
Roof Type Composition
Building
Story 1
Foundation Slab
Sewer City Sewer,Public Sewer
Water City Water
Structure Type Brick/Brick Veneer,Wood Siding
New Construction false
Schools
Elementary Schools Prospect Valley
Middle Schools Everitt
High Schools Wheat Ridge
School District Jefferson County R-1