6630 W 38th Avenue, Wheat Ridge

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**

KELLER WILLIAMS AVENUES REALTY.

Essential Information

MLS® #4359703

Price$975,000

Bedrooms6

Bathrooms4.00

Square Footage3,656

Acres0.27

Year Built1955

TypeIncome

Sub-TypeQuadplex

StatusActive

Community Information

Address6630 W 38th Avenue

SubdivisionBarths

CityWheat Ridge

CountyJefferson

StateCO

Zip Code80033

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected

Interior

HeatingBaseboard

CoolingEvaporative Cooling

StoriesTwo

Has BasementYes

BasementExterior Entry, Full

Appliances

Dishwasher, Disposal, Oven, Range, Refrigerator

Exterior

RoofComposition

Lot Description

Irrigated, Landscaped, Level, Near Public Transit

School Information

DistrictJefferson County R-1

ElementaryStevens

MiddleEveritt

HighWheat Ridge

Additional Information

Date ListedAugust 29th, 2023

Parking Spaces7

Listing Details

KELLER WILLIAMS AVENUES REALTY

Property History

Oct. 12Price Reduced from $1,050,000 to $975,000

Sep. 25Price Reduced from $1,100,000 to $1,050,000

Aug. 31Status Changed from Coming Soon to Active