Start of property details
1330 & 1380 W Mississippi Avenue
Denver, 80223
FOR
SALE
Call for price
Active
39,152
Sq.Ft.1.43
Acres1971
Yr. BuiltMLS# 5246850
Cumulative Days on Market: Less than 1
(since
November 12th, 2024)
Data provided by the MLS.
Property Details
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) and 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 EmploymentMust Be Purchased as a Portfolio
Property Highlights
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Living Area
0.00
Acres
1.43
Year Built
1971
Location
County
Denver
Zoning
G-MU-5
Property Details
Property Sub Type
Multi-Family
Property Type
Commercial Sale
Building
Structure Type
High Rise (8+)
Total Area
39,152
Interior Features
Area and Spaces
Number of Units
66
Building Details
Construction
Year Built
1971
Materials
Construction Materials
Frame
Roof
Composition, Membrane
Terms
Commercial
Cap Rate
6.00
Terms
Special Terms
Cash, Conventional
Taxes
Tax
Tax (Annual)
$60,805
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Phone Available, Phone Connected, Sewer Connected
Lot
Acres
1.43
Lot Features
Landscaped, Near Public Transit
Lot Size
1
Lot Size Area Sq Ft
62,291
Exterior Features
Exterior Features
Dog Run
Parking
Total Parking Spaces
90
Listed by Pinnacle Real Estate Advisors, newellteam@pinnaclerea.com, 303-962-9559.
Listing Data last updated 11/13/2024 10:46 AM
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Property History
Yesterday
Property information last updated
Yesterday
Status Active. This is the date the listing was placed on market.
739601 days ago
Date of last price change
739601 days ago
Date Sold
NOTE: Cumulative Days on Market: Less than 1.
Data provided by the MLS.
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Listing Data last updated: 11/13/2024 10:46 AM
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Listed by Pinnacle Real Estate Advisors
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