Address
6630 W 38th Avenue, Wheat Ridge, CO
Price
$ 975,000
Property Attributes
  • MLS#4359703
  • TypeMulti-Family
  • CountyJEFFERSON
  • CityWheat Ridge
  • NeighborhoodBarths
  • Zip80033
  • StyleQuadruplex
  • Year Built1955
  • Taxes$ 2623
  • Price$ 975,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3656
  • Lot Size0.27 Acres
Data Source:
REColorado (MTOMLS)
Property Description

Opportunity knocks! Tremendous Wheat Ridge MU-N Zoning which allows commercial and residential uses and encourages mixed density development opportunities. This all-brick, 4-Plex has three units rented with long term tenants 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. Separate furnace and water heater per 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 are of only one unit - others are occupied. Great income investment opportunity as you can continue to rent units while you complete DD on a redevelopment – or refresh and keep with four great rentals! 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**

Elementary School Middle School High School
Stevens Elementary School Everitt Middle School Wheat Ridge High School
Price History
8/29/2023 Listed $1,100,000
9/25/2023 5% - $1,050,000
10/13/2023 8% - $975,000

General Features

Sewer Public Sewer
Heating Baseboard
Cooling Evaporative Cooling
Utilities Cable Available,Electricity Connected,Natural Gas Connected,Phone Connected
Possession Immediate,Negotiable
Roof Composition
Appliances Dishwasher,Disposal,Oven,Range,Refrigerator
Construction Materials Brick,Frame
Exclusions Sellers & Tenants Personal Items
Year Built 1955
Levels Two
Property SubType Quadplex
Tax Year 2022
Percent Ownership Estate
County Jefferson
Property Type Residential Income
HOA / Comm Assn No
Attached Garage No
Subdivision Name Barths
Facing Direction North
Status Active
Directions From Wadsworth go East on W 38th Ave .7 miles to property on South Side
High School Wheat Ridge
City Wheat Ridge
Buyer Agent Compensation 2.5
Senior Community Y/N No
High School District Jefferson County R-1
Lot Size Square Feet 11625
Street Name 38th
Listing Terms Cash,Conventional
Elementary School Stevens
Tax Annual Amount 2623
Home Warranty Y/N No
Middle/Junior High School Everitt
Property Condition Fixer
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
Buyer Agent Compensation Type %

Interior Features

Basement Exterior Entry,Full
Flooring Carpet,Tile,Wood
Basement (Y/N) Yes
Above Grade Finished Area 1828
Street Suffix Avenue
Laundry Features Common Area
Total Bedrooms 6
Below Grade Finished Area 1828
Total Baths 4

Exterior Features

Lot Features Irrigated,Landscaped,Level,Near Public Transit
Water Source Public
Total Parking 7
Lot Size Area 11625
Building Area Total 3656
Lot Size Acres 0.27
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 80033

Price
AVG $870K
$980K
Taxes
AVG $3,191
$2,623
Visits
AVG 133
418
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1955
Walkscore
AVG 84
84
Data Provided by Walkscore® not using MLS data