MLS® ID: 5805463
1218 S Sherman Street
Denver, Colorado, 80210 $1,125,000
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.