4685 Wadsworth Blvd, Wheat Ridge, CO 80033
$625,000
Listing courtesy of Your Castle Real Estate Inc
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Home 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.
- Interior: Built-in Features
- Appliances: Dishwasher,Dryer,Oven,Refrigerator,Washer
- Flooring: Carpet,Tile,Wood
- # Full Baths: 1
- # Half Baths: 0
- # Three Quarter Baths: 1
- # One Quarter Baths: 0
- Exterior: Lighting,Private Yard,Rain Gutters
- Construction Materials: Brick
- Roofing: Composition
- Cooling: None
- Heating: Natural Gas,Radiant
Available now at $625,000
- Parking: Concrete
- Garage Spaces: 1
- List Status: Active
- : sean@nealonhometeam.com,720-384-8563
Neighborhood
The average asking price of a 5 bedroom Wheat Ridge home in this zip code is
$1,216,173 (94.6% more than this home).
This home is priced at $275/sqft,
which is 29.2% less than similar homes
in the 80033 zip code.
Potential Great Value
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School Information
- School District:Jefferson County R-1
- Elementary:Wilmore-Davis
- Middle School:Everitt
- High School:Wheat Ridge
Financial
- Approx Payment:$3,040*
- Taxes:$3,181
Area Stats
These statistics are updated daily from the RE colorado. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(720) 545-5391 and speak with one of our real estate consultants.
Popular Homes
$868,463
$742,890
427
0.2%
39.6%
59
$596,000
$540,000
1550
1.2%
50.3%
105
$950,457
$772,450
284
0.0%
36.3%
47
$1,230,337
$1,109,245
104
0.0%
28.8%
41
$840,217
$739,900
287
0.3%
36.6%
64
$4,792,714
$3,822,500
42
0.0%
28.6%
58
$528,846
$529,000
465
1.1%
46.7%
98
$983,303
$725,000
2261
0.5%
42.1%
58
$674,421
$705,000
14
7.1%
64.3%
72
$923,607
$652,500
162
1.2%
40.1%
52
$388,300
$349,900
3
0.0%
0.0%
55
$565,792
$552,500
6
0.0%
33.3%
81
$981,379
$782,450
288
0.3%
34.0%
37
$775,289
$685,000
289
0.3%
37.4%
47
$1,048,057
$799,950
701
0.3%
37.7%
56
$1,225,547
$1,145,000
63
0.0%
41.3%
46
$507,012
$512,450
56
0.0%
41.1%
41
$929,383
$789,950
580
0.3%
34.8%
54
$631,148
$609,925
414
0.7%
35.0%
50
$710,404
$599,450
164
1.2%
28.7%
45
Listing Courtesy of Your Castle Real Estate Inc.
For information or to schedule a viewing of this property (MLS# 2631736), call: 720-545-5391
4685 Wadsworth Blvd, Wheat Ridge CO is a single family home of 2270 sqft and
is currently priced at $625,000
.
This single family home has 5 bedrooms.
A comparable home for sale at 3820 Pierson Ct in Wheat Ridge is listed at $2,100,000.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos and Foreclosures
in Wheat Ridge, CO.
Cambridge Park, Columbia Heights and The Ridge are nearby neighborhoods.
MLS 2631736 has been posted on this site since 2/8/2025 (today).