6735 W 37th Place, Wheat Ridge, CO 80033
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
Listed by:ryan mcintosh3034436161
Office:liv sotheby's intl realty
MLS#:IR1041851
Source:ML
Price summary
- Price:$1,700,000
- Price per sq. ft.:$229.36
About this home
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.
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Home facts
- Year built:2002
- Listing ID #:IR1041851
Rooms and interior
- Living area:7,412 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:2002
- Building area:7,412 sq. ft.
- Lot area:0.3 Acres
Schools
- High school:Wheat Ridge
- Middle school:Everitt
- Elementary school:Stevens
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,700,000
- Price per sq. ft.:$229.36
- Tax amount:$3,359 (2024)
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