4629-4653 Otis St - Multi-Family FOR SALE


Wheat Ridge, CO 80033- Barths
$2,700,000 USD
303-547-7357
4629-4653 Otis St, Wheat Ridge, CO for Sale
$2,700,000 USD
Multi-Family - FOR SALE
1/34
null | 5.92% Cap Rate

4629-4653 Otis St
Wheat Ridge, CO 80033
Barths


HIGHLIGHTS

  • Fully turn-key property with upside through under market rents and continued renovations
  • Updated mechanicals and all major cap ex throughout the property
  • Residential pocket of Wheat Ridge - Denver’s best submarket
  • Masonry construction with modern upgraded exterior accents
  • Large fenced front yard, fully renovated on-site laundry room, 22 off-street parking spots
  • Great nearby by retail and only a short drive to the Highlands, 44th & Tennyson, and 15 minutes from Denver

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

13

PRICE/UNIT

$207,692

CAP RATE

5.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,610 SF

ZONING

-

APN/PARCEL ID

39-242-11-003

ASK ABOUT THIS PROPERTY

Brandon KaufmanKaufman HaganMore Info
303-547-7357

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Brandon KaufmanKaufman HaganMore Info
303-547-7357

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