CO > Wheat Ridge > Hillcrest
Wheat Ridge, CO 80033,4685 Wadsworth BLVD
Wheat Ridge, CO 80033,4685 Wadsworth BLVD
Wheat Ridge, CO 80033,4685 Wadsworth BLVD
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Natalie Olmsted

Natalie Olmsted

+1(719) 287-8067
$625,000
Est. payment /mo
5 Beds
2 Baths
2,270 SqFt
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UPDATED:

02/20/2025 09:18 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,270 sqft

Price per Sqft $275

Subdivision Hillcrest

MLS Listing ID 2631736

Bedrooms 5

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 1,302

Originating Board recolorado

Year Built 1938

Annual Tax Amount $3,181

Tax Year 2023

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Single Family Residence

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

Rooms

Basement Exterior Entry, Finished, Full

Main Level Bedrooms 3

Interior

Interior Features Built-in Features

Heating Natural Gas, Radiant

Cooling None

Flooring Carpet, Tile, Wood

Fireplace N

Appliance Dishwasher, Dryer, Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Lighting, Private Yard, Rain Gutters

Parking Features Concrete

Garage Spaces 1.0

Roof Type Composition

Total Parking Spaces 10

Garage Yes

Building

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Wilmore-Davis

Middle Schools Everitt

High Schools Wheat Ridge

School District Jefferson County R-1

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Other, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Other, VA Loan

Special Listing Condition None

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REColorado (REColorado MLS)
© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Your Castle Real Estate Inc • sean@nealonhometeam.com,720-384-8563

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Natalie Olmsted

+1(719) 287-8067

Broker Associate | License ID: EA100055370

Broker Associate License ID: EA100055370

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