44 S Sherman ST Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80209
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