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Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,656 sqft
Price per Sqft $239
Subdivision Barths
MLS Listing ID 4359703
Sold Date 08/09/24
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 1,828
Originating Board recolorado
Year Built 1955
Annual Tax Amount $2,623
Tax Year 2022
Lot Size 0.270 Acres
Acres 0.27
Property Description
New Price for this tremendous Wheat Ridge MU-N Zoning which allows commercial and residential uses. Buy the building as a primary owner with 5% down payment and rent the other 3 units to cover your expense! This all-brick, 4-Plex has one current long-term tenant on Month-to-Month lease. This is an estate – sellers have never lived in the property and have very little actual knowledge of the property. There are no cap rates/rent rates/maintenance records available to share. Both upper units are both 2 bed/1 bath with large kitchen and living room and shared swamp cooler. The lower units are both 1 bed/1 bath with kitchen & living room. (2) furnaces & water heaters - (1) unit supplies an upper and lower unit. Minor improvements have been made to the units. The complex shares a community laundry facility for all tenants. Ample parking for all tenants at rear of the property. All four units are individual electric meter, 2 gas meters, 1 water meter. Interior pictures include three units as the 4th unit is occupied. Building could be easily converted to (2) large duplex units or kept as a 4-plex rental. Great income investment opportunity. Close to I70 and the mountains, LOCATED WITHIN “Ridge at 38” which includes restaurants/lounges like Clancey’s, Mestizo Brew Cantina, Colorado Plus Brew Pub and Taphouse, the Bardo Coffee house, Infinitus Pizza Pie, La Fonda Mexican restaurant, Wheat Ridge Lanes. Not to mention conveniently located to grocery stores, the RTD bus line, highway access, and more! **Contact Listing Agent For Showing Information**
Location
State CO
County Jefferson
Zoning MU-N
Rooms
Basement Exterior Entry, Full
Interior
Heating Baseboard, Forced Air, Natural Gas
Cooling Evaporative Cooling
Flooring Carpet, Tile, Wood
Fireplace N
Appliance Dishwasher, Disposal, Oven, Range, Refrigerator
Laundry Common Area
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected
Roof Type Composition
Total Parking Spaces 7
Garage No
Building
Lot Description Irrigated, Landscaped, Level, Near Public Transit
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Frame
Schools
Elementary Schools Stevens
Middle Schools Everitt
High Schools Wheat Ridge
School District Jefferson County R-1
Others
Senior Community No
Ownership Estate
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Gather Realty