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Closed
$1,065,000($850,244 down)$1,555 /mo

885 S Sherman Street, Denver, CO 80209

4 Bed ·2 Bath ·2522 Sqft
PITI Monthly
$2,286.99 /mo

Listing courtesy of: Kristin Harris, Milehimodern

Assumed Rate

3.86%
7.52%

Principal & Interest

$1,555 /mo
$2,321 /mo

What's Special

LOCATION
SERENE
RENOVATED
FIREPLACE
FINISHED BASEMENT
HOME OFFICE
WET BAR
COZY
RENTAL INCOME

Investment property with a solid track record of income. This Airbnb property has generated over $53k of income over the last year. As a fully renovated West Wash Park home, it offers a fully finished lock-off basement. Additionally, the garage studio is the perfect place to run your home business, use as a production studio, music room and more. A classic red brick exterior w/ a quaint front porch invites entry into a cozy living area grounded by a fireplace. Sliding glass barn doors open into a bright bedroom ideal for a home office. The renovated kitchen features soft-close drawers and cabinetry and a window above the sink overlooking the fully fenced backyard. A sizable primary bedroom is complemented by an adjacent serene bath. A fully finished 2nd floor bonus space offers a wet bar w/ a mini refrigerator and freezer, lounge space with storage, bedroom and dressing room area. Downstairs, the finished basement w/ rare, 94-inch ceilings hosts two bedrooms, a full bath, rec room, room for a side-by-side washer and dryer and a kitchenette w/ room for a full-size refrigerator and coffee station. The finished garage w/ running water features two rooms w/ the potential for an office or studio. A central location offers proximity to the light rail station, I-25, South Pearl Street, South Broadway and Wash Park. The owner has the basement set up as an Airbnb with a history of proven rental income. The unit rents quickly due to the tasteful renovation and proximity to the light-rail station, Wash Park and S Pearl St. The two car garage has been converted to studio space w/ two rooms and finished loft/storage space. It features insulation, drywall, electricity, running water and central a/c with a thermostat in each room. The owner has put her heart and soul into the renovations, which are obvious at every turn. You can enjoy this home as a single family or as investment with the ability for income, there are so many possibilities.

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Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
Features
  • Materials: Brick
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Basement, Living Room
  • Flooring: Tile, Vinyl, Wood

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Bungalow
Materials
  • Brick
  • Roof: Composition
Condition
  • Year Built: 1938
Details
  • Builder:

Community & HOA

Community
  • Subdivision: West Wash Park
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Denver

Financial Details

  • Price per Sqft: $422.28
  • Tax Annual Amount: $3366
  • On Market Date: 2024-06-06T00:00:00.000Z

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MLS ID: REC4202864

Listing From: recolorado

Last updated: 2024-07-22T19:51:16.000Z

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Assumed Rate

3.86%
7.52%

Principal & Interest

$1,555 /mo
$2,321 /mo
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