4629-4653 Otis St
SELLER FINANCING AVAILABLE | 13-Unit in Quiet Wheat Ridge Neighborhood
Marketing description
4629–4653 Otis St is a 13-unit multifamily property located in Wheat Ridge, a consistently stable rental submarket within the Denver metro. The asset is positioned in a residential neighborhood with strong access to major corridors and employment centers, supporting steady tenant demand and occupancy. The Property offers in-place cash flow with the ability to continue improving rents over time.
The Property has undergone a comprehensive renovation program. A majority of the units were taken down to the studs, while the remaining units have been fully upgraded, including new electrical and plumbing systems. Interior finishes include updated kitchens, bathrooms, flooring, and fixtures, providing a consistent unit product across the property. Capital improvements also include a newer roof and gutters, newer windows, and a boiler replaced approximately three years ago, eliminating near-term capital requirements.
Additional operational improvements include a fully renovated laundry facility and well-maintained common areas. The Wheat Ridge market continues to benefit from its proximity to Denver, accessibility, and limited new multifamily supply, supporting stable occupancy and rent growth. Overall, the Property represents a stabilized, renovated asset with significant operational and rental upside.
County: Jefferson
Year Built/Renovated: 1960/2023
# Buildings: 1
# Stories: 1
Total Units: 13
Construction: Masonry
Roof Type: Pitched
Gross Building SF: 9,840
Lot SF: 23,610
Parking: Surface | 22 Spaces
Cooling/Heating: Wall Units/Boiler
Gas/Electric: Master/Individual
Water/Sewer: Master
Investment highlights
HIGHLIGHTS
- Fully turn-key property with upside through under market rents and continued renovations
- Updated mechanicals and all major cap ex throughout the property
- Residential area of Wheat Ridge - Denver’s best submarket
- Masonry construction with modern upgraded exterior accents
- Seller financing available
UNIT AMENITIES
- High quality interior renovations
- Luxury vinyl plank flooring and new baseboards
- Fully updated kitchens, baths, and lighting
- Large open units
- Replaced windows throughout
- Front & back door entrances
COMMUNITY AMENITIES
- Newer roof and gutters
- Large fenced front yard
- Recent boiler replacement
- Fully renovated, on-site laundry room
- 22 off-street parking spots
LOCATION HIGHLIGHTS
- Primarily residential Wheat Ridge pocket
- Short drive to the Highlands, 44th & Tennyson, and 15 minutes from Denver
- Great nearby by retail
- Near significant major thoroughfares: Wadsworth, Sheridan, and I-70 • In between Crown Hill Park and Berkley Lake Park
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