982 S Sheridan Blvd - Apartments FOR SALE


Denver, CO 80226- Westwood
$1,850,000 USD
303-328-2046
982 S Sheridan Blvd, Denver, CO for Sale
$1,850,000 USD
Apartments - FOR SALE
1/53
null | 6.37% Cap Rate

982 S Sheridan Blvd
Denver, CO 80226
Westwood


HIGHLIGHTS

  • Delivers durable cash flow with below-market leases, enabling immediate NOI growth and cap rate expansion through natural lease renewals
  • Comprehensively renovated, positioning the property as a true turnkey investment with no anticipated near-term capital expenditure requirements
  • Immediate access to Alameda Ave and 6th Ave, the property benefits from proximity to major employment centers, retail corridors, and public transit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

10

PRICE/UNIT

$185,000

CAP RATE

6.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,392 SF

ZONING

E-TU-C

APN/PARCEL ID

5183-00-882

ASK ABOUT THIS PROPERTY

Charles BurkhartMarcus & MillichapMore Info
303-328-2046

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Charles BurkhartMarcus & MillichapMore Info
303-328-2046

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