4629–4653 Otis St is a 13-unit multifamily property located in Wheat Ridge, a consistently stable rental submarket within the Denver metro. The asset is positioned in a residential neighborhood with strong access to major corridors and employment centers, supporting steady tenant demand and occupancy. The Property offers in-place cash flow with the ability to continue improving rents over time.
The Property has undergone a comprehensive renovation program. A majority of the units were taken down to the studs, while the remaining units have been fully upgraded, including new electrical and plumbing systems. Interior finishes include updated kitchens, bathrooms, flooring, and fixtures, providing a consistent unit product across the property. Capital improvements also include a newer roof and gutters, newer windows, and a boiler replaced approximately three years ago, eliminating near-term capital requirements.
Additional operational improvements include a fully renovated laundry facility and well-maintained common areas. The Wheat Ridge market continues to benefit from its proximity to Denver, accessibility, and limited new multifamily supply, supporting stable occupancy and rent growth. Overall, the Property represents a stabilized, renovated asset with significant operational and rental upside.