$830,000
Wheat Ridge, CO 80033
- 0.20 Acres
- Jefferson County
- 8 Beds
- 4 Baths
Key Features
- Property Type: Residential Income
- Status: Active
- MLS® ID: 8504297
- Year Built: 1967
- Lot/Acreage: 0.2
- County: Jefferson
- Neighborhood: Brookside
Interior Details
- Bedrooms: 8
- Bathrooms: 4
- Cooling: Room Air Conditioner
- Heating: Baseboard
- Water: City Water
Exterior Details
- Garage: 4
- Roof: Composition
- Sewer: City Sewer, Public Sewer
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
- Address: 3760 Owens St Wheat Ridge CO 80033
- City: Wheat Ridge
- State: CO
- Zip: 80033
https://www.google.com/maps/place/3760+Owens+St,+Wheat+Ridge,+CO+80033/@39.7684798,-105.1197829,16z/data=!3m1!4b1!4m6!3m5!1s0x876b867bd4b005a9:0xb895fb17092ca22!8m2!3d39.7684798!4d-105.1197829!16s%2Fg%2F11c1j7hlkn?entry=ttu&g_ep=EgoyMDI1MDUxMi4wIKXMDSoASAFQAw%3D%3D
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Listing # Courtesy of Kelly Taylor Blakesley of Atlas Real Estate Group. Last Updated: May 27, 2025.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
