3880 Sheridan Blvd

Description

Discover a rare, turn-key investment opportunity with strong in-place income at 3880 & 3880 1/2 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 1/2 N Sheridan Blvd delivers proven income, flexibility, and strong fundamentals.