Basketball courtPrivate yard areasUpdated electrical serviceThree new furnacesHvac upgrades
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.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.