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Multifamily

982 South Sheridan Boulevard

982 South Sheridan Boulevard, Denver, CO 80226

Listing Price: $2,300,000

Cap Rate
6.20%
Number of Units
10
Occupancy
95.0%
Price/Unit
$230,000

Investment Overview

982 South Sheridan Boulevard is a turnkey 10-unit multifamily community located in the Westwoods Neighborhood of southwestern Denver just 15 minutes from downtown. Built in 1956 and completely renovated in 2022, this all-brick building has a new pitched roof, new double pane windows, new doors, all new plumbing, updated electrical panels, and all new furnaces. All 10 of the units are two-bedroom / one-bath floor plans averaging 750 SF that have been completely renovated with all new kitchens and bathrooms, new light fixtures, and new flooring throughout. Eight of the units have front and rear entrances. Each unit is individually metered for gas and electricity that is paid directly by the resident. Residents reimburse the owner for water and sewer. The building has a new laundry facility with coin-operated laundry machines allowing for additional income to the owner. The property is situated on a large 0.63-acre lot, offering residents plenty of off-street parking as well as a large fenced-off area for future outdoor storage. The property is conveniently located in the City and County of Denver, with close proximity to restaurants, shopping, employment, and public transportation.

Investment Highlights

  • 6.20% In-Place Cap Rate
  • Completely Renovated, Turnkey, and Stabilized Asset
  • All Two-Bedroom | One-Bath Units
  • Individually Metered for Gas and Electricity; Residents Pay All Utilities
  • All-Brick Exterior with New Roof, Windows, and Doors; All New Furnaces, Plumbing, and Electrical Panels
  • Completely Remodeled Interiors with New Kitchen, Bathrooms, and Flooring
  • On-Site Laundry, Off-Street Parking, and Additional Outdoor Storage Lot
  • Close Proximity to Downtown Denver, Employment, Shopping, and Restaurants

Exclusively Listed By

Financing By

Multifamily

982 South Sheridan Boulevard

Listing Price: $2,300,000

Cap Rate
6.20%
Number of Units
10
Occupancy
95.0%
Price/Unit
$230,000

Investment Highlights

  • 6.20% In-Place Cap Rate
  • Completely Renovated, Turnkey, and Stabilized Asset
  • All Two-Bedroom | One-Bath Units
  • Individually Metered for Gas and Electricity; Residents Pay All Utilities
  • All-Brick Exterior with New Roof, Windows, and Doors; All New Furnaces, Plumbing, and Electrical Panels
  • Completely Remodeled Interiors with New Kitchen, Bathrooms, and Flooring
  • On-Site Laundry, Off-Street Parking, and Additional Outdoor Storage Lot
  • Close Proximity to Downtown Denver, Employment, Shopping, and Restaurants

Investment Overview

982 South Sheridan Boulevard is a turnkey 10-unit multifamily community located in the Westwoods Neighborhood of southwestern Denver just 15 minutes from downtown. Built in 1956 and completely renovated in 2022, this all-brick building has a new pitched roof, new double pane windows, new doors, all new plumbing, updated electrical panels, and all new furnaces. All 10 of the units are two-bedroom / one-bath floor plans averaging 750 SF that have been completely renovated with all new kitchens and bathrooms, new light fixtures, and new flooring throughout. Eight of the units have front and rear entrances. Each unit is individually metered for gas and electricity that is paid directly by the resident. Residents reimburse the owner for water and sewer. The building has a new laundry facility with coin-operated laundry machines allowing for additional income to the owner. The property is situated on a large 0.63-acre lot, offering residents plenty of off-street parking as well as a large fenced-off area for future outdoor storage. The property is conveniently located in the City and County of Denver, with close proximity to restaurants, shopping, employment, and public transportation.

Exclusively Listed By

Financing By

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