3820 Pierce St, Wheat Ridge, CO 80033

Holiday Special - buyers choice of new kitchen appliances or stackable washer and dryer!! Need a concession or rate buy down just ask. Discover an incredible opportunity in the vibrant heart of Wheat Ridge with this rare half duplex that truly has it all. Offering one bedroom and one bathroom on a single level with only one shared wall, this home lives like a private residence and even comes with its own two-car garage-something almost impossible to find in this price point. Inside you'll enjoy a large living room filled with natural light, a nicely sized kitchen, and the convenience of in-unit laundry, while outside you'll have your own backyard with no HOA and full ownership of the land. A recent appraisal in late September came in at the mid $400s, making this property priced extremely well for the area and a huge opportunity for a buyer looking for value and long-term peace of mind. Major updates are already complete with a brand new furnace installed within the past year, a sewer line recently replaced, a roof under warranty until 2029 with certification in hand, and brand new windows double pane energy efficient windows. All of this is set in a walkable neighborhood right off 38th Avenue with coffee shops, restaurants, and retail just around the corner, and minutes to the Highlands and Sloan's Lake. Whether you're looking for a starter home, a downsized low-maintenance lifestyle, or an unbeatable investment in one of Wheat Ridge's most desirable locations, this half duplex is the perfect fit.

Public Remarks

Easy to fill BRICK side by side duplex most recently rented for $43,450 per year including both sides. Includes two car garage and has the highly desired r-3 Zoning and adjoining MU-N. Just one building off of 38th and Pierce (the DQ is there). No HOA. Taxes, Insurance annually is $9058. NOI $34,393 Cap Rate desirable 6.3; plus major upside with zoning already in place convert existing 2 car garage to 3rd unit. Intentionally ended long term leases so you can start over with none of the obligations to offer perpetual leases. (leases under 12 months can be terminated at end, tenants who have stayed over 12 months get to stay). Nice hardwood floors. Both kitchens updated. Both bathrooms newer with custom tile. Brand new sewer line. You can show the property prior to close to your new tenants. Super desirable location and sizes make this property very easy to get long term tenants. Roof and furnace certified.