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.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1956
Stories
1
Living area
7,500 sqft
Price / sqft
$200
MLS #
6970158
Interior
Heating
Forced Air
Cooling
Central Air
Exterior & lot
Lot
Level
Schools
District
Denver 1
Elementary
Force
Middle
DSST: Byers Middle School
High
John F. Kennedy
Utilities
Sewer
Public Sewer
Financial
Annual tax
$9,525
Parcel
5183-00-882
Special conditions
None Known
Location
Subdivision
Westwood
County
Denver
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Listed by Charles Burkhart, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.