1190 S Sheridan Boulevard is a 12-unit masonry multifamily building located in the Bear Valley neighborhood of southwest Denver. Built in 1954 and zoned E-MX-3, the property offers an all 1 bed/1 bath unit mix well-suited to the area’s stable, long-term renter base. All units are in a side by side layout which is preferred by tenants and investors alike. Positioned along the Sheridan Boulevard corridor, residents enjoy convenient access to South Federal Boulevard’s retail and dining, Bear Creek Greenbelt, and quick connectivity to US-285 and the broader Denver metro.

The property presents a compelling value-add opportunity underpinned by strong in-place fundamentals. Current rents sit modestly below market, providing a buyer with natural upside through lease-up turnover without the need for significant capital investment. A rare billboard lease generating $15,000 annually provides a durable, passive income stream that meaningfully enhances returns. Tenants pay gas and electric directly to the utility company via separate meters.

Hightlights:

$125k/unit for side-by-side 1bed/1bath units
Billboard income of $15,000/year acting as a “13th unit” and stable income
Individual gas & electric meters for tenants to pay directly
Leased laundry room on site