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Source Home Group

admin@sourceofhome.com +1(970) 528-0604

$1,149,900

Est. payment - /mo

10 Beds

5 Baths

4,515 SqFt

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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 $254

Subdivision Sheridan

MLS Listing ID 4416130

Bedrooms 10

HOA Y/N No

Year Built 1920

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Quadruplex

Property Description

Turnkey Fourplex Investment Opportunity with Expansion Potential & Adjacent Land Upside!

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

Appliance Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Private Yard, Rain Gutters

Fence Partial

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available

Waterfront Description Public

View Mountain(s)

Roof Type Composition

Accessibility Accessible Approach with Ramp

Private Pool No

Building

Lot Description Level, Near Public Transit

Story One

Sewer Public Sewer

Water Public

Schools

School District Elementary: Sheridan 2, Middle/Junior: Sheridan 2, High: Sheridan 2

Others

Senior Community No

Tax ID 031971870

Special Listing Condition None Known

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Listed byEquity Colorado Real Estate

Nearby School & Business

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Source Home Group

+1(970) 528-0604

Agent FA.100072314

3445 W Mansfield AVE Denver, CO 80236

Source Home Group

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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