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+17209495525
You 1st Realty
982 S Sheridan Blvd, Denver, CO 80226
- $1,500,000
- 20
- BD
- 10
- BA
- 7,500
- SqFt
Listing courtesy of Charles Burkhart.
charles.burkhart@marcusmillichap.com,214-336-6064
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- 6970158
- Subtype
- Residential Income
- Year Built
- 1956
- Bedrooms
- 20
- Bathrooms
- 10
- Living Area
- 7,500
- Subdivision
- Westwood
- Neighborhood
- Metro17/DSW
- MLS Area Major
- Metro Denver
Property Description
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.
Additional Information
- Taxes
- $9,525
- Zoning
- E-TU-C
- Heating
- Forced Air
- Air Conditioning
- Central Air
- Levels
- One
- Roof
- Other
- Parking Features
- Off Street
- Garage Spaces
- 16
- School District
- Denver District 1
- Elementary School
- Force
- Middle School
- DSST: Byers Middle School
- High School
- John F. Kennedy
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