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1330 & 1380 W Mississippi AVE Denver, CO 80223
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1330 & 1380 W Mississippi AVE Denver, CO 80223
1.43 Acres Lot
UPDATED:
11/12/2024 08:40 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5246850
HOA Y/N No
Originating Board recolorado
Year Built 1971
Annual Tax Amount $60,805
Tax Year 2023
Lot Size 1.430 Acres
Acres 1.43
Property Description
Property Features
• Beautifully Updated, Turn-Key Opportunity with Rental Upside
• Two Adjacent Parcels Allow Future Owner Ability to Sell Assets Individually or as a Portfolio
• Recent Capital Improvements Include Newer: Exterior Stairs, Windows, Electrical Panels, Parking Lot (1330) & Roof (1380)
• Approximately 2/3 of Interiors Have Been Renovated
• Value-Add Opportunity: Continue with Interior Renovations for $150-$300 Rent Bumps
• Just 4.85% 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
Must Be Purchased as a Portfolio
• Beautifully Updated, Turn-Key Opportunity with Rental Upside
• Two Adjacent Parcels Allow Future Owner Ability to Sell Assets Individually or as a Portfolio
• Recent Capital Improvements Include Newer: Exterior Stairs, Windows, Electrical Panels, Parking Lot (1330) & Roof (1380)
• Approximately 2/3 of Interiors Have Been Renovated
• Value-Add Opportunity: Continue with Interior Renovations for $150-$300 Rent Bumps
• Just 4.85% 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
Must Be Purchased as a Portfolio
Location
State CO
County Denver
Zoning G-MU-5
Interior
Fireplace N
Exterior
Exterior Feature Dog Run
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Phone Available, Phone Connected, Sewer Connected
Roof Type Composition,Membrane
Total Parking Spaces 90
Garage No
Building
Lot Description Landscaped, Near Public Transit
Sewer Public Sewer
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors • NEWELLTEAM@PINNACLEREA.COM,303-962-9559