3728 N Vance Street 1-4

Prime Investment Opportunity in Wheat Ridge – 4-Plex! Unlock the potential of income-generating real estate with this exceptional 4-plex in the heart of Wheat Ridge, Colorado. This property offers investors a prime opportunity to capitalize on the growing rental demand while benefiting from a modern living environment designed for tenant satisfaction. Units: 4 (Each featuring 2 Bedrooms and 1 Bathroom) Key Features: Each unit is being updated with contemporary designs that appeal to today's renters. High Rental Income Potential: With a projected gross income of $102,768 annually, this property is positioned to maximize returns, yielding a strong Projected Cap Rate of 8.83% based on an all-cash offer and anticipated operating income. Each unit's functional layout ensures tenant comfort, maximizing occupancy and minimizing turnover. Located near shopping, dining, and parks, residents enjoy an active lifestyle with easy access to major highways. Wheat Ridge is rapidly growing, making it a hot market for rental properties, evidenced by competitive rental rates found on Zillow. Recent comps in the area indicate rental rates aligning with the monthly rate of $8,564, demonstrating strong demand and validating the investment potential of this property. Nearby properties are achieving similar occupancy rates, establishing Wheat Ridge as a thriving rental market. Investment Summary: Gross Income: $102,768 Annual Operating Expenses: $6,000 Actual Annual Net Income: $96,768 Cap Rate: Approximately 8.83% (based on an all-cash offer) Price: $1,095,000 Don’t let this opportunity pass you by! Whether you're a seasoned investor or new to the multi-family market, this 4-plex in Wheat Ridge is set to deliver excellent returns and long-term growth potential. Contact us today to schedule a walkthrough and discover how you can make this prime income property your own!

Listing Office: RE/MAX ALLIANCE