Marcus & Millichap is pleased to present the investment opportunity located at 10717 W 38th Ave in Wheat Ridge, Colorado. The renovated, two-story multifamily property sits on 0.32 acres and is strategically located near Discovery Park, a popular destination for outdoor recreation. This townhome-style asset features private yards for each… Read More unit, newly repaved off-street parking and an inviting community atmosphere enhanced by on-site patio and grill areas. Additionally, all but one unit features updated kitchens and bathrooms ?tted with modern appliances. The property’s attractive layout and recent renovations not only support strong current occupancy but also position the investment opportunity for long-term value. Investors can realize upside through increasing rents, charging back utilities, and generating revenue from on-site laundry services. The property’s proximity to Interstate 70 ensures easy commuting to Downtown Denver and surrounding employment centers, further enhancing the asset’s appeal to a wide tenant base. Strong potential upside and ideal location mark this multifamily asset as an appealing opportunity for investors seeking immediate cash-?ow and long-term growth. Read Less
Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. [email protected]
Listing Snapshot
Days Online
192
Last Updated
Property Type
Multi Family
Square Ft.
6,535
Year Built
1969
MLS Number
1934226
30 Days Snapshot Of 80033
$553k
-12%
(avg) sold price
11
-62%
homes sold
112
+33%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Construction Materials: "Brick", Effective Year Built: 2022, Features: "Bike Storage", "Coin Laundry", "Laundry", "Storage", Occupant Type: Tenant, Structure Type: "Low Rise (1-3)", Total Area: 6535, Unit Count: 1, Unit Types: "Array", Built in 1969, 7 total units
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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