CO > Denver
Denver, CO 80209,44 S Sherman ST
Denver, CO 80209,44 S Sherman ST
Denver, CO 80209,44 S Sherman ST
Denver, CO 80209,44 S Sherman ST
Denver, CO 80209,44 S Sherman ST
Denver, CO 80209,44 S Sherman ST
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Alec Short

Alec Short

+1(303) 709-4908
$ 2,900,000
Est. payment | /mo

6,534 Sqft Lot

Save
$ 2,900,000
Est. payment | /mo
Save

6,534 Sqft Lot

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

REColorado (REColorado MLS)
© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Bunnell Real Estate Services • kevin@bunnellrealestateservices.com,720-515-3338
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(303) 709-4908

alec@westdenveragent.com

2010 Youngfield St, Lakewood, CO, 80215, USA

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44 S Sherman ST