1560 Sherman St - Apartments FOR SALE


Denver, CO 80203- Uptown Denver
$5,800,000 USD
303-210-1623
1560 Sherman St, Denver, CO for Sale
$5,800,000 USD
Apartments - FOR SALE
1/19
null | 4.76% Cap Rate

1560 Sherman St
Denver, CO 80203
Uptown Denver


HIGHLIGHTS

  • Over 7,000 SF of unused space
  • Newer roof
  • Most units have been renovated
  • Elevator
  • Great Downtown location
  • Favorable C-MX -16 zoning

OVERVIEW

The Profile is one of Central Denver’s most distinctive multifamily investment opportunities. Positioned just steps from the Colorado State Capitol, this 33-unit elevator-served apartment community has been recently renovated including many units and common areas — delivering a turnkey asset with a elevated finish level that stands apart in its submarket. Residents enjoy amenities including a gym, laundry room, private storage, dog wash, and a spacious lounge with a full kitchen. What makes The Profile truly compelling for the right buyer is the 7,400± SF of basement space that remains largely untapped. For decades this was home to Le Profile, a beloved Denver restaurant, and today it represents one of the more intriguing value-add opportunities in the urban core. Whether reimagined as a restaurant, neighborhood retail, creative office, or another income-producing use, this space has the potential to meaningfully move the needle on overall property performance.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

33

PRICE/UNIT

$175,758

CAP RATE

4.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Profile

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,513 SF

ZONING

C-MX -16

APN/PARCEL ID

2349-38-002

ASK ABOUT THIS PROPERTY

Matthew LewallenNorthPeak Commercial AdvisorsMore Info
303-210-1623

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Matthew LewallenNorthPeak Commercial AdvisorsMore Info
303-210-1623

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.