Start of property details
44 S Sherman Street
Denver, 80209
FOR
SALE
$2,900,000
Active
8,998
Sq.Ft.
0.15
Acres
1960
Yr. Built
MLS# 4847818
Cumulative Days on Market: Less than 1
(since
March 23rd, 2025)
Data provided by the MLS.
Property Details
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 and West Washington Park neighborhoods. Professionally managed building and 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!
Property Highlights
Price
$2,900,000
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Architectural Style
Traditional
Acres
0.15
Year Built
1960
Location
County
Denver
Zoning
G-MU-3
Property Details
Price
$2,900,000
Property Sub Type
Multi-Family
Property Type
Commercial Sale
Building
Structure Type
Low Rise (1-3)
Total Area
8,998
Interior Features
Area and Spaces
Number of Units
13
Interior Features
Electic
110V
Security Features
Carbon Monoxide Detector(s), Security Entrance, Smoke Detector(s)
Building Details
Construction
Architectural Style
Traditional
Year Built
1960
Materials
Construction Materials
Brick
Roof
Membrane
Terms
Commercial
Cap Rate
6.42
Terms
Special Conditions
None
Special Terms
Cash, Conventional
Taxes
Tax
Tax (Annual)
$18,265
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Water Source
Public
Lot
Acres
0.15
Lot Features
Near Public Transit
Lot Size
6,442
Lot Size Area Sq Ft
6,442
Exterior Features
Exterior Features
Balcony, Lighting
Parking
Parking Features
Exterior Access Door, Lighted
Total Parking Spaces
4
Listed by Bunnell Real Estate Services, kevin@bunnellrealestateservices.com, 720-515-3338.
Listing Data last updated 03/24/2025 10:40 am
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Property information last updated
Yesterday
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: Less than 1.
Data provided by the MLS.
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Listing Data last updated: 03/24/2025 10:40 am
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Listed by Bunnell Real Estate Services
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