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$ 1,473,000
$ 1,500,000 1.8%
Est. payment | /mo
5,520 SqFt
$ 1,473,000
$ 1,500,000 1.8%
Est. payment | /mo
5,520 SqFt
Key Details
Sold Price $1,473,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,520 sqft
Price per Sqft $266
MLS Listing ID 9236769
Sold Date 08/25/25
HOA Y/N No
Year Built 1951
Annual Tax Amount $6,488
Tax Year 2024
Lot Size 0.324 Acres
Acres 0.32
Property Sub-Type Multi Family
Source recolorado
Property Description
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.
• 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
County: Jefferson
Year Built: 1951
# Buildings: 1
# Stories: 2
Total Units: 7
Construction: Masonry
Roof Type: Pitched
Gross Building SF: 5,520
Lot SF: 14,113
Parking: Open | 15 Spaces
Cooling/Heating: Wall Units/Boiler
Gas/Electric: Master/Individual
Water/Sewer: Master
• 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
County: Jefferson
Year Built: 1951
# Buildings: 1
# Stories: 2
Total Units: 7
Construction: Masonry
Roof Type: Pitched
Gross Building SF: 5,520
Lot SF: 14,113
Parking: Open | 15 Spaces
Cooling/Heating: Wall Units/Boiler
Gas/Electric: Master/Individual
Water/Sewer: Master
Location
State CO
County Jefferson
Interior
Fireplace N
Exterior
Roof Type Unknown
Total Parking Spaces 15
Garage No
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Kaufman Hagan
Bought with RE/MAX Professionals
Bought with RE/MAX Professionals
jonathan.boxer@christiesaspenre.com
600 East Hopkins Ave Suite 304, Aspen, Colorado, 81611, United States