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Jerry Downer

[email protected] +1(720) 277-9001

$ 1,199,989

Est. payment | -/mo

6 Beds

6 Baths

4,241 SqFt

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$ 1,199,989

Est. payment | -/mo

Save Virtual Tour

6 Beds

6 Baths

4,241 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,241 sqft

Price per Sqft $282

Subdivision Berkeley

MLS Listing ID 2427459

Style Contemporary

Bedrooms 6

Full Baths 4

Half Baths 1

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 3,235

Year Built 2021

Annual Tax Amount $7,394

Tax Year 2023

Lot Size 6,248 Sqft

Acres 0.14

Property Sub-Type Single Family Residence

Source recolorado

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

Rooms

Basement Full

Interior

Interior Features Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan, Primary Suite, Smoke Free, Walk-In Closet(s)

Heating Forced Air

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Fireplace N

Appliance Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer

Exterior

Exterior Feature Balcony, Lighting, Private Yard

Garage Spaces 3.0

Fence Full

Roof Type Composition

Total Parking Spaces 3

Garage No

Building

Lot Description Level

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Wood Siding

Schools

Elementary Schools Centennial

Middle Schools Skinner

High Schools North

School District Denver 1

Others

Senior Community No

Ownership Individual

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

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

Special Listing Condition None

Virtual Tour https://vimeo.com/1085426499?share=copy#t=0

Listed by Compass - Denver

Nearby Locations

"My job is to listen carefully, never make assumptions, and deliver flawlessly on all my commitments! "

+1(720) 277-9001

[email protected]

3880 Sheridan BLVD Denver, CO 80212