44 S Sherman Street
Denver, CO 80209
8998 sqft | 0.15 acres | #4847818
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 Details
- Utility FeaturesCable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
- Lot DescriptionNear Public Transit
- Exterior MaterialsBalcony, Lighting
- Structure TypeLow Rise (1-3)
- Sewer InformationPublic Sewer
- Property SubtypeMulti Family
- Original List Price$2,900,000
- Property TypePurchase
- Taxes Annual$18,265
- MLS #4847818
- Cost2600000
- MLS #4847818
- Utility SourcePublic
- CountyDenver
- Acres0.15
- Square Feet8998
- Year Built1960
Location
Legal
Based on information submitted to the MLS GRID as of 2025-09-10 02:30:16 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: . Source: RECOLORADO
Provided By
Listing Agent: Kevin Bunnell (#REC928425), Phone: 720-515-3338, Email: kevin@bunnellrealestateservices.
Listing Office: Bunnell Real Estate Services (#RECMB040)
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