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.
4,515 Sq Ft
0.5 Private Acres Lot Size
investment
$402 Monthly Tax
Built in 1920
MLS/Listing ID 4416130
Construction - Wood Siding
Dishwasher
Disposal
Dryer
Gas Water Heater
Microwave
Range
Refrigerator
Washer
Accessible Approach with Ramp
Public Water
Public Sewer
Composition
Mountains View
Parking - Unpaved
Lot - Level
Lot - Near Public Transit
In Unit Laundry
Heating - Forced Air
Vinyl
Partial
Private Yard
Rain Gutters
Cooling - Central Air
Cooling - Evaporative Cooling
Construction - Block
TOTAL MONTHLY COST
$0
$0
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