$1,985,000
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982 S Sheridan Boulevard Denver, CO 80226
Multi-Family
Residence
Beds
Baths
27,460
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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» Highlighted features of this property include a comprehensive renovation, ensuring a modern and attractive living experience for tenants. The upgrades encompass a new roof, furnaces, electrical panels, windows, unit interiors, appliances, and exterior paint, providing a turnkey solution that minim...izes immediate capital expenditures for prospective investors. » The property boasts a collection of spacious and well-appointed 2-bedroom, 1-bathroom units that consistently achieve robust rental rates. These large units cater to the demand for comfortable and accommodating living spaces, attracting quality tenants and bolstering the property's income potential. » This investment opportunity presents an appealing in-place cap rate, offering a rare opportunity to secure a favorable yield in the prevailing interest rate climate. The stability and potential for growth make this property an attractive addition to any commercial real estate portfolio. » Situated on a sizable lot with a recently repaved driveway, the property offers an abundance of tenant parking, along with additional amenities such as a dedicated storage area, dog run, and on-site laundry facilities.
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MLS#
9189377
Property Type
Multi-Family
Status
Year Built
1956
Square Feet
27,460
sq. ft
Sewer
Public Sewer
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