Active
4685 Wadsworth Boulevard
Wheat Ridge CO, 80033
$625,000
$275.33 per sqft
Active
5 Beds
2 Baths
2,270 sqft
Multi-family
Built in 1938
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.
2488508
MLSⓇ ID
February 5, 2025
Listed
February 20, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
5
Total Bathrooms
2
Appliances
Dishwasher, Dryer, Oven, Refrigerator, Washer
Laundry Description
In Basement, In Unit, Main Level, Multiple Locations
Floor Description
Carpet, Tile, Wood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water, Radiant
Exterior/Building Features
Lot Size
0.23 Acres
Exterior Features
Private Yard, Rain Gutters
Roof
Composition
Sewer
Public Sewer
School Information
School District
Jefferson County R-1
High School
Wheat Ridge
Elementary School
Wilmore-Davis
Other Property Details
Taxes
$3,181
Tax Frequency
Annually
Garage
Yes
Garage Spaces
1
Parking
Concrete
Parking Total
10
View
No
County
Jefferson
Water Source
Public
Pool
No
Zoning
R2
Listing History
Date | Event | Price |
|---|---|---|
2/20/2025 | Price change | $625,000 -5% |
2/11/2025 | Active | — |
2/7/2025 | Price change | $655,000 -3% |
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Data last updated 10:43 PM UTC, 2/20/2025
