6735 W 37th Pl new Save Request In-Person Tour Request Virtual Tour
Wheat Ridge,CO 80033
Key Details
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Active
Purchase Type For Sale
Subdivision Lynn Lee Sub
MLS Listing ID 1041851
Style Contemporary/Modern,Ranch
Bedrooms 6
Year Built 2002
Annual Tax Amount $3,359
Lot Size 0.300 Acres
Property Sub-Type Attached Dwelling
Property Description
Positioned as a rare opportunity in today's market, this three-unit multi-family property delivers immediate rental income with substantial upside for future growth. Each of the triplex's residences offers a well-designed floor plan with two bedrooms, two bathrooms, and more than 1,200 square feet of finished living space. Every unit is equipped with an attached two-car garage, full appliance package (refrigerator, oven/range, microwave, dishwasher, washer, and dryer), private patio, and fenced yard-enhancing tenant appeal and long-term retention. Unfinished basements of over 1,200 square feet per unit, already plumbed for bathrooms and bedrooms, provide an extraordinary opportunity to increase rentable square footage. Investors may also explore value-add strategies such as separate basement entries or vertical expansion ("pop-top") to create additional rentable units, significantly increasing NOI. The property includes an owned on-site security system with cameras, providing additional peace of mind for both ownership and tenants. Current residents are on month-to-month leases with willingness to extend, ensuring immediate income continuity. With its combination of stable cash flow, expansion-ready infrastructure, and prime tenant amenities, 6735-6731 West 37th Place represents an exceptional commercial investment for both seasoned operators and portfolio builders seeking value-add multifamily assets.
Location
State CO
County Jefferson
Area Metro Denver
Zoning RES
Interior
Heating Forced Air
Cooling Central Air
Exterior
Exterior Feature Lighting
Parking Features Garage Door Opener
Fence Fenced,Wood
Utilities Available Natural Gas Available,Electricity Available,Cable Available
Roof Type Composition
Building
Lot Description Curbs,Gutters,Sidewalks,Fire Hydrant within 500 Feet,Within City Limits
Story 1
Sewer City Sewer
Water City Water,WHEAT RIDGE WATER
Structure Type Wood/Frame,Stone,Wood Siding
New Construction false
Schools
Elementary Schools Stevens
Middle Schools Everitt
High Schools Wheat Ridge
School District Jefferson Dist R-1
Others
Special Listing Condition Private Owner
Virtual Tour https://homes.livsothebysrealty.com/listing-preview/206698966?ax=bmlkPTIwNjY5ODk2Ng==