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… Read More 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. Read Less
Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. [email protected]
Listing Snapshot
Days Online
2
Last Updated
Property Type
Quadruplex
Beds
20
Square Ft.
7,500
Year Built
1956
MLS Number
3064703
30 Days Snapshot Of 80226
$630k
+7%
(avg) sold price
22
-35%
homes sold
52
-24%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Above Grade Finished Area: 7500, Construction Materials: "Brick", Levels: "One", Living Area: 7500, Occupant Type: Owner, Structure Type: "Quadruplex", Total Area: 7500, Unit Count: 1, Unit Types: "Array", Built in 1956
Cooling
Cooling: "Central Air"
Disclosures
Exclusions: n/a
Heating
Heating: "Forced Air"
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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