About 44 S Sherman Street
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!
Features of 44 S Sherman Street
| MLS® # | 4847818 |
|---|---|
| Price | $2,600,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,998 |
| Acres | 0.15 |
| Year Built | 1960 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Style | Traditional |
| Status | Active |
| Features | Coin Laundry |
Community Information
| Address | 44 S Sherman Street |
|---|---|
| City | Denver |
| County | Denver |
| State | CO |
| Zip Code | 80209 |
Amenities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected |
|---|---|
| Features | Coin Laundry |
| Parking Spaces | 4 |
| Parking | Exterior Access Door, Lighted |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Exterior Features | Balcony, Lighting |
|---|---|
| Lot Description | Near Public Transit |
| Roof | Membrane |
Additional Information
| Date Listed | March 23rd, 2025 |
|---|---|
| Zoning | G-MU-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Bunnell Real Estate Services |
|---|