UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,515 sqft
Price per Sqft $276
Subdivision Sheridan
MLS Listing ID 4416130
Bedrooms 10
HOA Y/N No
Abv Grd Liv Area 4,515
Year Built 1920
Annual Tax Amount $4,822
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Quadruplex
Source recolorado
Property Description
Exceptional value-add multifamily investment opportunity located in a Qualified Opportunity Zone in the rapidly growing Sheridan/Denver market! This remodeled income-producing property offers a rare combination of strong in-place cash flow and future development potential.
Spanning approximately 4,515 sq ft,the property features a desirable unit mix including 2-and 3-bedroom units plus a studio. One of the property's standout value-add features is a unit currently leased to two separate tenants, generating enhanced rental income. All units are currently occupied, and leases will transfer with the sale.
The owner has invested heavily in recent capital improvements, including three new furnaces, HVAC upgrades, updated electrical service, critical sewer infrastructure work, and replacement of most windows throughout the property. Tenant amenities set this property apart with parking for 15+ vehicles, private yard areas, multiple storage sheds/outbuildings, and even a basketball court.
Positioned on an oversized lot with favorable zoning characteristics, the property also presents compelling long-term redevelopment and expansion potential. Current zoning may allow future expansion up to 8 units, subject to Buyer obtaining all required approvals and permits from the City of Sheridan. Seller is separately offering the adjacent land parcel located at 3435 ½ W Mansfield Ave (MLS #3939482), creating exciting possibilities for expanded parking,or future development opportunities.
Conveniently located minutes from Downtown Denver,Santa Fe Drive, and US-285, this property benefits from strong rental demand driven by accessibility, redevelopment activity, and proximity to major employment, shopping and dining.
Ideal for investors seeking immediate cash flow, long-term appreciation, or future development upside in one of the Denver metro area's evolving investment corridors.
Location
State CO
County Arapahoe
Zoning Residential/Multi-family
Interior
Heating Forced Air
Cooling Central Air, Evaporative Cooling
Flooring Vinyl
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Private Yard, Rain Gutters
Parking Features Unpaved
Fence Partial
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available
View Mountain(s)
Roof Type Composition
Total Parking Spaces 15
Garage No
Building
Lot Description Level, Near Public Transit
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Wood Siding
Schools
Elementary Schools Alice Terry
Middle Schools Fort Logan Northgate
High Schools Sheridan
School District Sheridan 2
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo, Other
Listing Terms 1031 Exchange, Cash, Conventional, Jumbo, Other
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA