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William Watson

bill@watsonrg.com +1(720) 463-0002

$1,500,000

Est. payment - /mo

20 Beds

10 Baths

7,500 SqFt

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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.

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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Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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982 S Sheridan BLVD Denver, CO 80226