982 S Sheridan, Denver, CO 80226
982 S Sheridan, Denver, CO 80226
982 S Sheridan, Denver, CO 80226
982 S Sheridan, Denver, CO 80226
982 S Sheridan, Denver, CO 80226
982 S Sheridan, Denver, CO 80226
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$ 1,500,000
Est. payment | /mo

20 Beds

10 Baths

7,500 SqFt


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$ 1,500,000
Est. payment | /mo
Save

20 Beds

10 Baths

7,500 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,500 sqft

Subdivision Westwood

MLS Listing ID IRE6970158

Bedrooms 20

HOA Y/N No

Year Built 1956

Annual Tax Amount $9,525

Tax Year 2024

Source ires

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.

Location

State CO

County Denver

Community Westwood

Area Metro Denver

Zoning E-TU-C

Interior

Heating Forced Air

Cooling Central Air

Exterior

Parking Features Off Street

Garage Spaces 16.0

View Y/N No

Roof Type Other

Garage Yes

Building

Lot Description Level

Sewer Public Sewer

Level or Stories One

Structure Type Brick

New Construction false

Schools

Elementary Schools Force

Middle Schools Dsst: Byers Middle School

High Schools Denver District 1

School District Denver District 1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)
Listed by Charles Burkhart

Nearby Locations

Larry Lewis

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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982 S Sheridan