3715 Pierce St, Wheat Ridge, CO 80033

Property Description

3715 Pierce consists of 11 total units and was built in 1938/1970. There is a diverse unit mix of 2 studios, 7 one bedrooms, and 2 two bedrooms. These premium units boast side by side layouts, front and back doors, and central AC for each unit. Many of the kitchens and bathrooms have been updated. There have also been extensive updates to major systems in the last 5 years including new roof, plumbing, electrical, furnaces, windows, paint, & central AC. The property sits just off 38th and Pierce with multiple stores and restaurants just steps away. This submarket has seen extensive nearby development and is known for its low vacancy rates. There are also two storage garages with additional income opportunity. For the right investor, this is a great opportunity to buy a clean deal in a strong location that will continue to improve over time. Highlights: New roof, plumbing, electrical, furnaces, windows, sewer line, landscaping, paint, & central AC Proven upside – see rent comp page Historical total income $157,239 Attractive side-by-side layouts with front and back doors; many kitchens & bathrooms have been updated Central AC for each unit Coin-operated laundry - 2 laundry rooms with 2 washers/2 dryers per room Separately metered gas - tenants pay direct Ample parking