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Estes Park Team Realty

[email protected] +1(970) 586-3838

$ 625,000

Est. payment -/mo

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Price Dropped by $30K

4685 Wadsworth Blvd Wheat Ridge, CO 80033

5 Beds

2 Baths

2,270 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,270 sqft

Subdivision Hillcrest

MLS Listing ID 2631736

Style Ranch

Bedrooms 5

Full Baths 1

Three Quarter Bath 1

HOA Y/N false

Abv Grd Liv Area 1,302

Originating Board REcolorado

Year Built 1938

Annual Tax Amount $3,181

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Residential-Detached

Property Description

Prime Multi Unit Investment Opportunity in Wheat Ridge - High Income Potential as is or through development. Discover a unique investment opportunity in the heart of Wheat Ridge along the bustling Wadsworth Boulevard corridor. This two unit property sits in a highly opportunistic area, currently zoned R-2, with immense potential for commercial or mixed-use rezoning, offering long-term development advantages. Currently being used as a residential investment with two long term tenants in place. Property Features: Upper Unit: 3-bed, 1-bath, recently remodeled (2020-2021), includes washer/dryer and access to a one-car garage. additional revenue potential by monetizing the garage space. Lower Unit: 2- bed, 1-bath garden-level unit with egress windows in every room, washer/dryer included. Outdoor Space: Fully fenced backyard shared by both units. Parking: Ample off-street parking, including RV parking. Investment Highlights: Cap Rate Growth Potential: Owner currently covers utilities (gas, electric, water, sewer). Transferring these to tenants immediately increases net income. Current Lease Structure: 3-bed unit is month-to-month at $2450, offering flexibility; 2-bed unit leased through November 2025 at $1600. Future Development Upside: Potential for mixed-use conversion, ideal for a retail storefront on one level and residential or office space above. Whether you're an investor looking to optimize returns with strategic lease adjustments or a visionary developer seeking long-term appreciation in a growing area, this property presents endless opportunities. Don't miss out on this high-yield, versatile investment in a rapidly evolving market! Contact us today for more details or to schedule a private tour. Seller is open to creative financing opportunities as well.

Location

State CO

County Jefferson

Area Metro Denver

Direction Enter the property only from the southbound lane of Wadsworth Boulevard

Rooms

Basement Full, Partially Finished, Walk-Out Access

Primary Bedroom Level Main

Bedroom 2 Main

Bedroom 3 Main

Bedroom 4 Basement

Bedroom 5 Basement

Interior

Heating Radiant

Appliance Dishwasher, Refrigerator, Washer, Dryer

Laundry In Basement

Exterior

Garage Spaces 1.0

Utilities Available Natural Gas Available

Roof Type Composition

Building

Lot Description Gutters

Story 1

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories One

Structure Type Brick/Brick Veneer

New Construction false

Schools

Elementary Schools Wilmore-Davis

Middle Schools Everitt

High Schools Wheat Ridge

School District Jefferson County R-1

Others

Senior Community false

SqFt Source Assessor

Information and Real Estate Services (IRES)

Listed by Your Castle Real Estate Inc • [email protected],720-384-8563

Estes Park Team Realty

Broker/Owner | License ID: ER-1322538

+1(970) 586-3838

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Colorado

Estes Park Team Realty

4685 Wadsworth Blvd Wheat Ridge, CO 80033

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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4685 Wadsworth Blvd