Log In/Sign Up
Your email has been sent.
982 S Sheridan Blvd 10 Unit Apartment Building $1,850,000 ($185,000/Unit) 6.37% Cap Rate Denver, CO 80226
Investment Highlights
- Delivers durable cash flow with below-market leases, enabling immediate NOI growth and cap rate expansion through natural lease renewals
- Immediate access to Alameda Ave and 6th Ave, the property benefits from proximity to major employment centers, retail corridors, and public transit
- Comprehensively renovated, positioning the property as a true turnkey investment with no anticipated near-term capital expenditure requirements
Executive Summary
Marcus & Millichap is pleased to present the exclusive opportunity to acquire 982 S Sheridan Blvd, a fully renovated, stabilized multifamily investment located in the desirable West Denver submarket. The property offers investors a compelling combination of strong in-place income, immediate upside through rent normalization, and additional NOI growth through utility reimbursement implementation.
With all major renovations completed, the asset is positioned as a low-risk, turnkey acquisition with predictable operations and limited ongoing capital requirements. Several in-place leases remain below market, allowing a new owner to enhance returns through natural lease turnover rather than speculative value-add strategies. Additionally, individual metering for gas and electricity provides a straightforward opportunity to improve expense recoveries and increase net operating income.
982 S Sheridan Blvd represents an attractive opportunity for investors seeking a stabilized multifamily asset with multiple day-one income growth levers, durable tenant demand, and long-term appreciation supported by Denver’s strong market fundamentals.
With all major renovations completed, the asset is positioned as a low-risk, turnkey acquisition with predictable operations and limited ongoing capital requirements. Several in-place leases remain below market, allowing a new owner to enhance returns through natural lease turnover rather than speculative value-add strategies. Additionally, individual metering for gas and electricity provides a straightforward opportunity to improve expense recoveries and increase net operating income.
982 S Sheridan Blvd represents an attractive opportunity for investors seeking a stabilized multifamily asset with multiple day-one income growth levers, durable tenant demand, and long-term appreciation supported by Denver’s strong market fundamentals.
Property Facts
| Price | $1,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $185,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 6.37% | Building Size | 7,200 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1956/2021 |
| Zoning | E-TU-C | ||
| Price | $1,850,000 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2021 |
| Zoning | E-TU-C |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 785 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 5183-00-882 | Improvements Assessment | $22,330 |
| Land Assessment | $22,330 | Total Assessment | $154,750 |
Property Taxes
Parcel Number
5183-00-882
Land Assessment
$22,330
Improvements Assessment
$22,330
Total Assessment
$154,750
1 of 54
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
982 S Sheridan Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.