3741-3797 Oak Street Unit

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Virtual Tour Sold Wheat Ridge, CO 80033 MLS# 4918527 Sold by Michael Hoover on 08/14/2020
$3,850,000
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Commercial Property Type
1.75 Acres
21456.00 Sq Ft
1962 Year Built
Zoning

Overview

Welcome to Oakbrook. 24 units arranged in 6 4-plexes on 2 acres in beautiful Wheat Ridge. Spread out to create open spaces and large trees create a quiet, park like setting. All units are 725 sq ft, two bed, one bath units, except for one unit which is 1450 sq ft, four bed, 2 bath due to having a basement. Each building has a laundry/boiler room. There has been extensive work done to the property including all vinyl, double pane windows, all six sewer lines trenched and replaced with PVC, new concrete walkways, and a new back flow preventer for the whole property. Every unit has been worked on and updated to some degree. There is no deferred maintenance. The surrounding area has been a boom of development. From the shopping center at 38th and Kipling to the million dollar homes down 38th St, this are continues to improve.

New Home Sales Hours

Courtesy Of MAVI UNLIMITED INC
Source: REcolorado

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Electricity,Taxes
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective 2019
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 21,456
    • Living Area, Finished
    • Above grade, Finished
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $179.44
    • PSF Finished $
    • PSF Above Grade $
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances
    • Building Class
    • Building Features Coin Laundry
    • Ceiling Height
    • Common Walls
    • Exclusions Tenant's personal property
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms:
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units 24
    • Number of Units Furnished 0
    • Number of Units Vacant 0
    • Unit Features Assigned Parking
    Single Unit Details
    • Unit Type 2 Bedroom
    • Total Units 23
    • Average Rent
    • Average SqFt 725.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description 2 bedroom one bath units with 1 assigned parking spot per unit
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit 1
    • Unit Type 4 Bedroom Or More
    • Total Units 1
    • Average Rent
    • Average SqFt 1450.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description 4 bedroom 2 bath unit with 1 assigned parking spot
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit 1

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories 2
    • Structure Type Low Rise (1-3)
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Brick,Concrete
    • Foundation Details
    • Roof Composition
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Balcony,Garden
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 1.75
    • Lot Size Dimensions
    • Lot Size SqFt 76,342
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $2,200,000
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Private Road,Public Road
    • Road Responsibility Private Maintained Road,Public Maintained Road
    • Road Surface Paved

    Parking/Garage

    Parking Space Summary

    Parking Features
    Concrete

    • Total Parking Spaces 0
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 0
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling
    • Green Energy Efficient
    • Heating
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available,Electricity Available,Natural Gas Available,Phone Available
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available 1
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 6.00
    • Cap Rate Calculation Proforma NOI divided by list price
    Actual expense details
    • Annual Expenses Benefits
    • Annual Water Expense $
    • Association Fee Annual Expense $
    • Cable TV Expense $
    • CAM Fees $
    • Electric Expense $
    • Gas Expense $
    • Insurance Expense $
    • Internet Annual Expense $
    • Maintenance Expense $
    • Operating Expense $98,119
    • Operating Expense Includes Insurance,Maintenance,Personal Property Tax,Professional Management,Utilities
    • Other Expense
    • Payroll Annual Expense $
    • Personal Property Annual Expense $
    • Phone Annual Expense $
    • Professional Management Expense $
    • Real Estate Taxes $
    • Workmans Compensation Expense
    Income details
    • Actual Annual Net Income $183,781
    • Gross Income $281,900
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $108,661
    • Projected Annual Net Income $241,483
    • Projected Gross Income $350,144
    • Projected Gross Operating Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $19,316
    • Legal Description SECTION 28 TOWNSHIP 03 RANGE 69 QTR NW SUBDIVISIONCD 096000 SUBDIVISIONNAME BROOKSIDE BLOCK 016 LOT SIZE: 76342 TRACT 00C VALUE: 1.753
    • Tax Exemptions
    • Tax ID 049058
    • Tax Year 2019
    Other
    • Tenant Pays Cable TV,Electricity,Gas,Internet,Telephone,Trash Collection,Water
    • Utilities Metering
    • Utilities Paid By Tenant

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use Multi-Family,Residential
    • Incorporated? No
    • Zoning
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $4,000,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1962

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    School Zone

    District:
    Schools: Elementary School, High School, Middle School

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
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