Ignite FB Tracking Pixel44 S Sherman Street, Denver, CO 80209 - Tom Reed
Legacy Real Estate Brokers Inc
Tom Reed, Legacy Real Estate Brokers IncPhone: (303) 521-5201
Email: tom@yourcoloradohomesearch.com

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listing
1 of 20
Single FamilyFor Sale
$2,900,000
44 S Sherman Street
Denver, CO 80209
Listed by: Bunnell Real Estate Services, 720-515-3338
MLS: REcolorado
8,998Sq Ft
Est. Mortgage
$15,069/mo

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!

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Information courtesy of Bunnell Real Estate Services is subject to verification and is not guaranteed.
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