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$ 1,500,000
Est. payment | /mo
20 Beds
10 Baths
7,500 SqFt
$ 1,500,000
Est. payment | /mo
20 Beds
10 Baths
7,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $200
Subdivision Westwood
MLS Listing ID 6970158
Bedrooms 20
HOA Y/N No
Year Built 1956
Property Sub-Type Quadruplex
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.
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.
Location
State CO
County Denver
Zoning E-TU-C
Interior
Heating Forced Air
Cooling Central Air
Exterior
Roof Type Unknown
Private Pool No
Building
Lot Description Level
Story One
Sewer Public Sewer
Schools
School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1
Others
Senior Community No
Tax ID 5183-00-882
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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