MLS® ID: 5805463

1218 S Sherman Street

Denver, Colorado, 80210

$1,125,000 Pending
  • 6 Beds
  • 5 Baths
  • 3617 SQFT
1218-1220 South Sherman Street is a four-unit, value-add multifamily asset and a great opportunity in Platt Park. Renovating the units and adding additional space will achieve substantially higher rents than what is currently in place. 1218-1220 South Sherman Street is located on a large 9,000 square foot lot with U-SU-B1 zoning and has an extremely rare and valuable acceptable use compliance letter from the City of Denver which allows redevelopment as a four-unit development. This gives investors a lot of options in regard to strategy with the asset by renovating the existing structure, scraping and building now, or maintaining the existing asset and developing down the road. The property is within a block of Sprouts Farmers Market and minutes from multiple light rail stations and the prestigious South Pearl Street district with some of Denver's best restaurants.
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Listing courtesy of CBRE, Inc.

Amenities

  • Full baths
    5
  • Full Baths Range
    4+ Baths
  • Total Baths
    5
  • Zip
    80210
  • Office name
    CBRE, Inc.
  • Subdivision
    Platt Park
  • SQFT
    3617
  • Bedrooms
    6
  • Property type
    ResidentialIncome
  • Zoning type
    U-SU-B1
  • Elementary school
    Lincoln
  • Junior high
    Grant
  • High school
    South
  • Year built
    1891
  • Heating
    Electric,ForcedAir,Gas
  • Tax year
    2018
  • Agent name
    Robert Bratley
  • Tax amount
    $ 2873.0
  • Purchase Type
    Pending
  • Price Range
    $1m-$1.25m
  • Square Feet Range
    3500-4000 sq ft.
  • Bedrooms Range
    6 Beds
  • Year Built Range
    1989 (and earlier)

Location

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