CO
Denver
Denver
80209
44 S Sherman Street
44 S Sherman Street, Denver, CO 80209
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Listing Type
Commercial/Industrial
Listing Status
active
20
$2,600,000

Home Details for 44 S Sherman Street

Price
$2,600,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1960
Lot size acres
0.15
County
Denver
Garage
Days on site
232
MLS Listing#
4847818
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, 10 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 5.92 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!

Property Features
  • Utilities
    • Natural Gas Available
    • Cable Available
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
  • Water Features
    • Public
  • Parking
    • Lighted
Listing Courtesy: Bunnell Real Estate Services - 720-515-3338
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Metrolist Inc MLS - Professional (Denver).
EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Dawn Campbell
Associate Broker
Office
303 790 7200
Agent
303 408 3229
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