44 S Sherman ST Active

Denver,CO 80209

$ 2900000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4847818

Style Traditional

HOA Y/N No

Originating Board recolorado

Year Built 1960

Annual Tax Amount $18,265

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi-Family

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, 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!

Location

State CO

County Denver

Zoning G-MU-3

Interior

Fireplace N

Exterior

Exterior Feature Balcony,Lighting

Parking Features Exterior Access Door,Lighted

Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected

Roof Type Membrane

Total Parking Spaces 4

Garage No

Building

Lot Description Near Public Transit

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition None

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