CO > Denver
Denver, CO 80209,44 S Sherman ST
Denver, CO 80209,44 S Sherman ST
Denver, CO 80209,44 S Sherman ST
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Justin Morgan

Justin Morgan

+1(720) 893-2278
$2,900,000
Est. payment /mo
8,998 SqFt
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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,998 sqft

Price per Sqft $322

MLS Listing ID 4847818

Style Traditional

HOA Y/N No

Year Built 1960

Annual Tax Amount $18,265

Tax Year 2024

Lot Size 6,442 Sqft

Acres 0.15

Property Sub-Type Multi-Family

Source recolorado

Property Description

NICE 13-UNIT APARTMENT BUILDING WITH GREAT INCOME AND FABULOUS POTENTIAL! Great solid-brick apartment building in great condition in desirable quiet residential neighborhood. Walking distance to south Broadway corridor, including restaurants, retail, and nightlife. Close to Baker & West Washington Park neighborhoods. Professionally managed building & well-maintained with solid, strong income and tremendous upside potential! Newer windows throughout building, 8 of 13 units have been totally remodeled over past few years. Secure building, four off-street parking spot, four balcony units - building consists of two studio, ten one bedroom, and one two-bedroom penthouse apartment. Low vacancy rate. 2024 Cap Rate was 4.79, but 06/2025 rent increases bring projected new Cap Rate of 6.42 with room for additional increases. Operating costs included remodeling expenses of some units. 2024 assessed value is $3,497,000. This is truly a rare opportunityto own a great income-producing multi-familly property with tremendous upside. Hurry - this property will not last long!

Location

State CO

County Denver

Zoning G-MU-3

Interior

Fireplace N

Exterior

Exterior Feature Balcony, Lighting

Parking Features Exterior Access Door, Lighted

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Roof Type Membrane

Total Parking Spaces 4

Garage No

Building

Lot Description Near Public Transit

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Bunnell Real Estate Services • kevin@bunnellrealestateservices.com,720-515-3338

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Justin Morgan

+1(720) 893-2278

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