3851 Otis St - Apartments FOR SALE


Wheat Ridge, CO 80033- Barths
$1,500,000 USD
720-822-0029
3851 Otis St, Wheat Ridge, CO for Sale
$1,500,000 USD
Apartments - FOR SALE
1/35
null | 5.99% Cap Rate

3851 Otis St
Wheat Ridge, CO 80033
Barths


HIGHLIGHTS

  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

CAP RATE

5.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,113 SF

ZONING

-

APN/PARCEL ID

39-243-11-019

ASK ABOUT THIS PROPERTY

Colby ConstantineKaufman HaganMore Info
720-822-0029

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Colby ConstantineKaufman HaganMore Info
720-822-0029

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.