1336 & 1340 Sheridan Boulevard

Denver, CO 80214

Incomes Property  $4,800,000  Under Contract

10-31-2019 04:56pm

Property Description

Upscale Class "A" 10-unit townhome community with high-end custom finishes completed in 2019, 2 blocks from light rail, 10 minutes from downtown, a short walk to restaurants and shopping at Sloans Lake and the revitalizing West Colfax corridor. There is a Party Wall Agreement in place allowing an investor the option to buy and sell each unit individually for a nice profit or to rent each unit for a strong cash return. All units are large 1,600+ SF, 3 bed/3.5 bath, 3-story, 2-car garage with rooftop patios providing great views of downtown Denver and the mountains. The developer has spared no expense in providing stainless steel appliances, fixtures, and custom finishes. Units are pre-wired for entertainment/speakers, ceiling fans, and home security, have plenty of additional storage, crawl spaces, and washer/dryer hook-ups. Units are individually metered for gas and electric, with central heat and air conditioning and a Nest thermostat, as well as a separate metering system for water.

Listing Details

MLS#
7831070
MLS Originator
REcolorado (Denver)
Off Market Date
10-31-2019 12:00am
Original Price
$5,395,000
Distance to Rail
1.00
Nearby Attraction
Near Public Transit

Property Details

Property
Income
Property Subtype
Income
Status
Under Contract
Status Conditions
None Known
Last Update
10-31-2019 04:56pm
Bedrooms
30
Bathrooms
40
SqFt
16506
Year Built
2019
Der PSF Total
290.80

Map

Property Level and Sizes

SqFt Lot
10454.00
SqFt Finished
16506
SqFt Above
16506

Financial Details

Previous Year Tax
$20,889
Terms and Conditions
Cash, Conventional, Other
Owner Paid Utilities
Insurance,Property Tax
Transaction Type
For Sale

Interior Details

Interior Features
Breakfast Nook, Built-Ins, Double Pane Windows, Eating Space / Kitchen, Internet Access (Wired), Master Bath, Master Suite, Pantry, Pet Free, Security System, Smoke Free, Walk-in Closets
Appliances
Dishwasher, Disposal, Double Oven, Microwave Oven, Range Hood, Refrigerator (Kitchen), Smoke Alarm
Flooring
Carpet, Tile Floor, Wood
Cooling
Air Conditioning-Central
Heating
Forced Air
Heating Fuel
Gas
Utilities
Cable TV, Internet Access (Wired), Telephone

Room Details

Laundry Availability
W/D Hookups in Unit

Exterior Details

General
Near Public Transit
Features
Balcony, Rooftop Patio
Base Floor Plan
Crawl Space
Base Size
None
Parking Spaces
1
Vehicle Spaces
20
Type
# of Space
L x W
Description
Garage (Attached)
20
-
Each Unit Features Attached Garage w/ 2 Spaces
Lot View
City View, Mountain View

Exterior Construction

Building Type
5+ Plex (all units),Low Rise (all units)
Structure
Multi-Story
Roof
Composition Shingles,Membrane,Rolled Roofing
Construction
Brick, Stucco
Architectural Style
Contemporary
Exterior Features
Balcony, Rooftop Patio
Construction Method
Frame

Schools

School District
Denver 1
Elementary School
Colfax
Middle School
Lake Int'l
High School
North

Condominium Projections

Annual Actual Expenses
0
Annual Projected Expenses
63257
Annual Actual Income
0
Annual Projected Income
340800
Annual Actual Net Income
0
Annual Projected Net Income
277543
Unit Furnished
0

Land Details

PPA
20000000.00
Lot Width
0.00


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