Start of property details
1380 W Mississippi Avenue
Denver, 80223
FOR
SALE
$4,025,000
Active
13,560
Sq.Ft.
0.43
Acres
1982
Yr. Built
MLS# 9276857
Cumulative Days on Market: 2
(since
January 28th, 2025)
Data provided by the MLS.
Property Details
6.65% Current CAP Rate! Rare Opportunity to Purchase 1980s Construction in Denver Newer Roof, Windows and Electric Panels Just 5.55% 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 Highlights
Price
$4,025,000
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Acres
0.43
Year Built
1982
Location
County
Denver
Zoning
G-MU-5
Property Details
Price
$4,025,000
Property Sub Type
Multi-Family
Property Type
Commercial Sale
Building
Structure Type
Low Rise (1-3)
Total Area
13,560
Interior Features
Area and Spaces
Number of Units
24
Building Details
Construction
Year Built
1982
Materials
Roof
Membrane
Terms
Commercial
Cap Rate
7.00
Terms
Exclusions
Tenant possessions
Special Terms
Cash, Conventional
Taxes
Tax
Tax (Annual)
$23,936
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected
Water Source
Public
Lot
Acres
0.43
Lot Features
Irrigated, Landscaped, Near Public Transit
Lot Size
0.43
Lot Size Area Sq Ft
18,731
Parking
Total Parking Spaces
30
Listed by Pinnacle Real Estate Advisors, newellteam@pinnaclerea.com, 303-962-9559.
Listing Data last updated 01/29/2025 11:00 pm
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Property History
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Property information last updated
Yesterday
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 2.
Data provided by the MLS.
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Listing Data last updated: 01/29/2025 11:00 pm
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Listed by Pinnacle Real Estate Advisors
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