6735 W 37th Pl, Wheat Ridge, CO 80033

$1,680,000

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List Price
$1,680,000
Status
ACTIVE
MLS#
1041851
Price Change
▼ $20,000 1771731791
Year Built
2002
Region
Metro Denver
Subdivision
Lynn Lee Sub

Property Description

Positioned as a rare opportunity in today's market, this three-unit multi-family property delivers immediate rental income with substantial upside for future growth. Each of the triplex's residences offers a well-designed floor plan with two bedrooms, two bathrooms, and more than 1,200 square feet of finished living space. Every unit is equipped with an attached two-car garage, full appliance package (refrigerator, oven/range, microwave, dishwasher, washer, and dryer), private patio, and fenced yard-enhancing tenant appeal and long-term retention. Unfinished basements of over 1,200 square feet per unit, already plumbed for bathrooms and bedrooms, provide an extraordinary opportunity to increase rentable square footage. Investors may also explore value-add strategies such as separate basement entries or vertical expansion ("pop-top") to create additional rentable units, significantly increasing NOI. The property includes an owned on-site security system with cameras, providing additional peace of mind for both ownership and tenants. Current residents are on month-to-month leases with willingness to extend, ensuring immediate income continuity. With its combination of stable cash flow, expansion-ready infrastructure, and prime tenant amenities, 6735, 6733, and 6731 West 37th Place represents an exceptional commercial investment for both seasoned operators and portfolio builders seeking value-add multifamily assets.

Additional Information

Taxes
$3,359
Style
Contemporary
School District
Jefferson Dist R-1
Elementary School
Stevens
Middle School
Everitt
High School
Wheat Ridge
Heating
Forced Air
Cooling
Central Air
Utilities
Natural Gas Available, Electricity Available, Cable Available, Satellite Internet Available, High Speed Internet Available
Zoning
RES

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Calculator source: Real Geeks

Listing courtesy of Ryan McIntosh.

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