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For Sale172 Days
$1,985,000

982 Sheridan Boulevard
Denver, CO 80226

Commercial For Sale
27,460 Sq. Ft.
Capstone Apartment Partners, LLC

Description for 982 Sheridan Boulevard, Denver, CO 80226

» 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 minimizes immediate capital expenditures for prospective investors.rn» 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.rn» 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.rn» 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.

Property Details

Listing Details
For Sale
Commercial
Multi-Family
For Sale
REC9189377
$1,985,000
06/06/2024
27,460 Sqft
1956
Single Family
Tenant Personal Property
REC24441N
Location Information
US
CO
Denver
Denver
80226
Sheridan
982
Boulevard
W106° 56' 51.4''
N39° 41' 56''
S
Yes
Garage/Parking
No
No
Exterior Features
No
No
WaterFront and WaterAccess
No
Land Info
Nw
E-TU-C
5183-00-879
Monthly
Commercial,Multi-family
Utilities
Public Sewer
HOA Info
Monthly
10
No
Rental Info
Monthly
Tax Info
W 10FT OF N 59.57FT OF S 814.59FT & W 12FT OF N 178.73FT OFS 755.02FT OF W/4 SW/4 SW/4 18-4-68 EXC W 30FT IN SHERIDANBLVD
$10,440
2023
Listing Information
Capstone Apartment Partners, LLC
Adam Riddle
RECCAP41
Recolorado
$1,985,000
09/24/2024 15:41:38
Public

Price History

Source: MLS
DateEventPriceSource
2024-06-06 17:03:44For Sale$1,985,000MLS
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Walk Score

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Walk Score

4

Bike Score

7

Transit Score

3

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Courtesy of Capstone Apartment Partners, LLC
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