Sold

3760 Owens Street, Wheat Ridge, CO 80033

Beds
8
Baths
4
Sqft
3,588

View property features, location on map, relevant school information and overview from seller's agent.

Listed byAtlas Real Estate Group
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Overview

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

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
8
Number of bathrooms
4
Square feet
3,588
Lot size (acres)
0.20
Year built
1967

Utilities

Heating
Baseboard
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$4,519

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: REColorado MLS®#: 8504297 Last checked:

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