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541 S Sheridan Blvd Denver, CO 80226

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For Sale
$1,225,000

Renovated 4-plex with garages near Sheridan Light Rail Station.

Property size:
5,759 SF

Property Features for 541 S Sheridan Blvd

General Information

Size
5,759 SF

Building Details

Year built
1980

Source: Connor Knutson Agent Connor Knutson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lakewood Renovated Income Property

This renovated 4-plex is situated on a 0.49-acre lot in Lakewood, offering convenient access to amenities off Sheridan Blvd. The property is within walking distance of Ray Ross Park and approximately 2 miles from the Sheridan Light Rail Station and Belmar Shopping Center. The multifamily property consists of four units, each featuring two or three bedrooms. Built between 1980 and 1994, the property includes two attached garages and four detached single-car garages that generate additional rental income. Each garage/workshop has 100 amp electric service and heat. Each unit is equipped with its own furnace, hot water heater, washer/dryer hookups, and swamp cooler. The property has a 7.56% current CAP rate and a 1.76% historical vacancy rate.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Denver
County
Arapahoe
State
Colorado
Longitude
-105.0536744
Latitude
39.7071141

FAQs

What type of property is this?
Quadplex - Renovated 4-plex with garages near Sheridan Light Rail Station.
Where is this quadplex located?
The property is located at 541 S Sheridan Blvd Denver, CO.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: - High 7.56% Current CAP Rate; - Renovated 4-Plex on Large 0.49 Acre Lot; - Low 1.76% Historical Vacancy
More about this property
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