982 S Sheridan, Denver, CO 80226
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
982 S Sheridan,Denver, CO 80226
$1,500,000
- 20 Beds
- 10 Baths
- 7,500 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:6970158
Source:ML
Price summary
- Price:$1,500,000
- Price per sq. ft.:$200
About this home
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 982 S Sheridan Blvd, a fully renovated, stabilized multifamily investment located in the desirable West Denver submarket. The property offers investors a compelling combination of strong in-place income, immediate upside through rent normalization, and additional NOI growth through utility reimbursement implementation.
With all major renovations completed, the asset is positioned as a low-risk, turnkey acquisition with predictable operations and limited ongoing capital requirements. Several in-place leases remain below market, allowing a new owner to enhance returns through natural lease turnover rather than speculative value-add strategies. Additionally, individual metering for gas and electricity provides a straightforward opportunity to improve expense recoveries and increase net operating income.
982 S Sheridan Blvd represents an attractive opportunity for investors seeking a stabilized multifamily asset with multiple day-one income growth levers, durable tenant demand, and long-term appreciation supported by Denver’s strong market fundamentals....
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Home facts
- Year built:1956
- Subdivision & Development:Westwood
- Listing ID #:6970158
Rooms and interior
- Bedrooms:20
- Total bathrooms:10
- Living area:7,500 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Year built:1956
- Building area:7,500 sq. ft.
- Lot Features:Level
- Construction Materials:Brick
- Levels:1 Story
Schools
- High school:John F. Kennedy
- Middle school:DSST: Byers Middle School
- Elementary school:Force
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$200
- Tax amount:$9,525
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