$830,000

Estimated payment $4,979/month

Total Views 277
8 Beds
4 Baths
3,588 Sq Ft
$231 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • Laundry Facilities
  • Prospect Valley Elementary School Rated A-
  • Baseboard Heating
  • 1-minute walk to Louise Turner Park

About This Home

Fully leased 4-plex in the heart of well established Applewood area of Wheat Ridge, across the street from a charming park and just off Kipling and 38th. This property is ideally positioned south of I70, just minutes from Downtown Denver or Golden. Priced at $830,000, this fully leased value-add opportunity features four 2BR/1BA units, plentiful off street parking in designated lot, and additional income from laundry and utility reimbursements (RUBS). Currently producing a 5.57% cap rate. Could use light renovations but running smoothly as is and any future updates could be handled minimally, during next turns. Local demographics and the central location with proximity to all major thoroughfares provide this property's long term value and rental demand. Surrounding residential area has experienced a major rejuvenation and modern development with high end SFRs. Investors should jump at this rare multifamily opportunity in this highly desirable, growth-oriented corridor. Please reach out to Kelly Taylor Blakesley at Atlas Real Estate at 720-383-8708 or kelly.taylorblakesley@realatlas.com with any questions.

Listing Agent

Kelly Taylor Blakesley

Atlas Real Estate Group Brokerage Email: kelly.taylorblakesley@realatlas.com,720-383-8708 License #100086004

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,519

Year Built

  • Built in 1967

Lot Details

  • 8,538 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,588 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Prospect Valley Elementary School
  • Everitt Middle School
  • Wheat Ridge High School

Utilities

  • Mini Split Air Conditioners
  • Baseboard Heating
  • 220 Volts
  • 110 Volts
  • Cable TV Available

Listing and Financial Details

  • Exclusions: tenants' personal belongings
  • Property held in a trust
  • The owner pays for electricity, gas, trash collection, water
  • Assessor Parcel Number 049031

Community Details

Overview

  • No Home Owners Association
  • Brookside Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $8,382

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,519

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Structure Type: Quadruplex
  • Levels: One
  • Year Built: 1967
  • Above Grade Finished Sq Ft: 3588
  • Exclusions: tenants' personal belongings
  • Living Area: 3588
  • Directions: https://www.google.com/maps/place/3760+Owens+St,+Wheat+Ridge,+CO+80033/@39.7684798,-105.1197829,16z/data=!3m1!4b1!4m6!3m5!1s0x876b867bd4b005a9:0xb895fb17092ca22!8m2!3d39.7684798!4d-105.1197829!16s%2Fg%2F11c1j7hlkn?entry=ttu&g_ep=EgoyMDI1MDUxMi4wIKXMDSoASAFQAw%3D%3D
  • SubdivisionName: Brookside
  • Ownership: Corporation/Trust
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_RVSpaces: 0
  • Attribution Contact: kelly.taylorblakesley@realatlas.com,720-383-8708
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate
  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Foundation Details: Slab
  • Roof: Composition
  • Construction Materials: Brick, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 1
  • Unit Numberof Parking Per Unit: 1

Utilities

  • Utilities: Cable Available, Electricity Available
  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room
  • Heating: Baseboard
  • Water Source: Public
  • Electric: 110V, 220 Volts
  • Laundry Features: Common Area

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00
  • REC_MultipleAssociationsYN: 0

Fee Information

  • Operating Expense: 8382

Schools

  • Middle Or Junior School: Everitt

Lot Info

  • Parcel Number: 049031
  • Lot Size Acres: 0.2
  • Building Area Total: 3588
  • Lot Size Sq Ft: 8538
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Electricity, Gas, Trash Collection, Water
  • Tenant Pays: Cable TV, Internet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4519

MLS Schools

  • Elementary School: Prospect Valley
  • High School: Wheat Ridge

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 For Sale $830,000 -- $231 / Sq Ft
Source: REcolorado®

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Source: REcolorado®

MLS Number: 8504297

REcolorado®