Michael Hill

Broker Associate | License ID: 056838

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$ 1,100,000

$ 1,199,989 8.3%

Est. payment | -/mo

6 Beds

6 Baths

4,241 SqFt

$ 1,100,000

$ 1,199,989 8.3%

Est. payment | -/mo

6 Beds

6 Baths

4,241 SqFt

Key Details

Sold Price $1,100,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 4,241 sqft

Price per Sqft $259

Subdivision Berkeley

MLS Listing ID 2427459

Style Contemporary

Bedrooms 6

Full Baths 4

Half Baths 1

Three Quarter Bath 1

Year Built 2021

Annual Tax Amount $7,394

Tax Year 2023

Lot Size 6,248 Sqft

Property Sub-Type Single Family Residence

Property Description

Discover a rare, turn-key investment opportunity with strong in-place income at 3880 & 3880 ½ Sheridan Blvd, Denver, CO. This income-producing property features a spacious single-family main home plus a fully self-contained ADU, both currently leased, generating $7,000 per month ($84,000 annually) in long-term rental income. The main residence offers 5 bedrooms, 5 bathrooms, and over 3,200 square feet with a functional open floor plan, modern finishes, and a 2-car detached garage. The main home is currently leased at $4,550/month, demonstrating excellent rental appeal and stability. Above the garage, the approximately 1,000+ square foot ADU provides a private 1-bedroom, 1-bath living space with its own kitchen, living area, and a 1-car attached garage with alley access. The ADU is currently leased at $2,450/month, offering a strong secondary income stream. With estimated annual operating expenses of approximately $11,900 (taxes, insurance, and additional expenses), the property produces an estimated Net Operating Income (NOI) of $72,100, equating to an approximate 6.0% cap rate, making this a strong option for investors seeking steady cash flow and long-term appreciation. Located in the desirable Berkeley area, the property is just minutes from the vibrant shops, restaurants, bars, and boutiques along Tennyson Street, as well as easy access to Sloan's Lake, Edgewater Public Market, and downtown Denver. Whether you're seeking a stable buy-and-hold asset, a house-hack opportunity, or a portfolio addition, 3880 & 3880 ½ N Sheridan Blvd delivers proven income, flexibility, and strong fundamentals.

Location

State CO

County Denver

Zoning U-SU-C1

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Exterior

Exterior Feature Balcony, Lighting, Private Yard

Garage Spaces 3.0

Fence Full

Roof Type Composition

Building

Lot Description Level

Sewer Public Sewer

Water Public

Structure Type Wood Siding

Schools

Elementary Schools Centennial

Middle Schools Skinner

High Schools North

School District Denver 1

Others

Acceptable Financing Cash, Conventional, FHA, Jumbo, VA Loan

Listing Terms Cash, Conventional, FHA, Jumbo, VA Loan

Special Listing Condition None

Listed by Compass - Denver
Bought with Milehimodern

Nearby School & Business

+1(720) 320-0982

foothillscoloradohomes@gmail.com

11160 Huron St # 34, Westminster, CO, 80234, United States

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3880 Sheridan BLVD Denver, CO 80212