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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$1,850,000

Est. payment - /mo

20 Beds

10 Baths

7,500 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $246

Subdivision Westwood

MLS Listing ID 3064703

Bedrooms 20

HOA Y/N No

Abv Grd Liv Area 7,500

Year Built 1956

Annual Tax Amount $9,525

Tax Year 2024

Property Sub-Type Quadruplex

Source recolorado

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

Fireplace N

Exterior

Roof Type Unknown

Total Parking Spaces 16

Garage No

Building

Lot Description Level

Sewer Public Sewer

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Force

Middle Schools Dsst: Byers Middle School

High Schools John F. Kennedy

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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

Schools and Properties Nearby

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

Learn more about this property

982 S Sheridan BLVD Denver, CO 80226