1336 & 1340 Sheridan Boulevard Bldg 102 - 110, Unit

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Sold Denver, CO 80214 MLS# 7831070 Sold by Clayton Primm on 03/25/2020
$4,100,000
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Commercial Property Type
0.24 Acres
16506.00 Sq Ft
2019 Year Built
RES Zoning

Overview

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.

New Home Sales Hours

Courtesy Of MARCUS & MILLICHAP INC
Source: REcolorado

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Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Taxes
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed No

    Interior Features

    Summary

    • Year Built Effective 2019
    Basement Details
    • Basement? No
    • Basement Crawl Space
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 16,506
    • Living Area, Finished 16,506
    • Above grade, Finished 16,506
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $248.39
    • PSF Finished $248.39
    • PSF Above Grade $248.39
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Dishwasher,Disposal,Double Oven,Microwave,Range Hood,Refrigerator
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions Seller's Personal Property
    • Flooring Carpet,Tile,Wood
    • Furnished
    • Interior Features Breakfast Nook,Built-in Features,Eat-in Kitchen,Primary Suite,Pantry,Smoke Free,Walk-In Closet(s),Wired for Data
    • Laundry Availability In Unit
    • Security Features Security System,Smoke Detector(s)
    • Spa Features
    • Window Features Double Pane Windows

    Room Details

    Bathroom Details Total Bathrooms: 40
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 30
    More Room Details

    Unit Information

    Summary

    • Number of Units 10
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features Garage
    Single Unit Details
    • Unit Type 3 Bedroom
    • Total Units 6
    • Average Rent 2800.00
    • Average SqFt 1633.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups 6
    • Refrigerators
    • Stoves
    • Air Conditions 6
    • Fireplaces 6
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit 2
    • Unit Type 3 Bedroom
    • Total Units 4
    • Average Rent 2900.00
    • Average SqFt 1677.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions 6
    • Fireplaces 4
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Exterior Access
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Multi/Split
    • Stories
    • Structure Type Low Rise (1-3)
    • Unit Floor #
    • View City,Mountain(s)
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Contemporary
    • Construction Materials Brick,Frame,Stucco
    • Foundation Details
    • Roof Composition,Membrane,Rolled/Hot Mop
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Balcony
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Rooftop
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Near Public Transit
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.24
    • Lot Size Dimensions
    • Lot Size SqFt 10,454
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $17,083,333.33
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility
    • Road Surface

    Parking/Garage

    Parking Space Summary

    • Parking Features
    • Total Parking Spaces 20
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 0
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Central Air
    • Green Energy Efficient
    • Heating Forced Air,Natural Gas
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available,Internet Access (Wired),Phone Connected
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available 1
    • Water Source
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed No
    • Rentals Allowed Long Term
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 6.17
    • Cap Rate Calculation
    Actual expense details
    • Operating Expense $63603.00
    • Operating Expense Includes Insurance,Maintenance,Professional Management,Real Estate Tax,Utilities
    Commission Information
    • Buyer Agency Compensation 1.60%
    • Transaction Broker Compensation
    • Compensation Offered
    • Dual Variable Compensation No
    • Commission Modified NA
    • Closing Comments
    Income details
    • Actual Annual Net Income $0
    • Gross Income $0
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $7,200
    • Potential Rental Income Annual $348,000
    • Projected Annual Expense $63,603
    • Projected Annual Net Income $284,397
    • Projected Gross Income $348,000
    • Projected Gross Operating Income $341,280
    • Projected Gross Scheduled Income $
    • Vacancy Credit Losses 13920
    Tax details
    • Annual Tax $20,889
    • Legal Description SEE COUNTY ASSESSOR'S WEBSITE - MULTIPLE DESCRIPTIONS
    • Tax Exemptions
    • Tax ID MULTIPLE TAX IDs
    • Tax Year 2019
    Other
    • Tenant Pays Cable TV,Electricity,Gas,Internet,Telephone,Trash Collection,Water
    • Utilities Metering Separate Electric,Separate Gas,Separate Water
    • Utilities Paid By Tenant Direct Billing from Utility,Included in Rent

    Neighborhood

    Summary

    • Building Name Sheridan Place Townhomes
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Edgefield
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use Multi-Family
    • Incorporated? No
    • Zoning RES
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $5,395,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership Individual
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 2019

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    School Zone

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

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
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