1380 W Mississippi Avenue
Denver, CO 80223
13560 sqft | 0.43 acres | #9276857
Description
• 6.75% Current CAP Rate!
• Rare Opportunity to Purchase 1980’s Construction in Denver
• Newer Roof, Windows and Electric Panels
• Just 3.87% Current Vacancy = Immediate Rental Upside
• Proforma Rents Already Being Achieved
• Strong Neighborhood Demographics: $107,560 Average Household Income in Two Mile Radius
• Less than One Mile to Gates District Redevelopment and Broadway Light Rail Station
• Quick Access to I-25, US Hwy 85, Downtown Denver, Denver Tech Center and Rocky Mountains
• Walk to Public Transportation, Parks, Restaurants and Places of Employment
Property Details
- Utility FeaturesCable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Conne
- Lot DescriptionIrrigated, Landscaped, Near Public Transit
- Structure TypeLow Rise (1-3)
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$4,025,000
- Property TypePurchase
- Taxes Annual$23,936
- MLS #9276857
- Cost4025000
- MLS #9276857
- Utility SourcePublic
- CountyDenver
- Square Feet13560
- Acres0.43
- Year Built1982
Location
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Josh Newell (#REC01439N)
Listing Office: Pinnacle Real Estate Advisors (#RECM0485)
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