Listing Courtesy of: NEWELLTEAM@PINNACLEREA.COM,303-962-9559 - Josh Newell - Pinnacle Real Estate Advisors
303-962-9555
1330 & 1380 W Mississippi Avenue Denver, CO 80223
Multi-Family
Residence
Beds
Baths
39,152
Sq. Ft.
1.43
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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
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MLS#
5246850
Property Type
Multi-Family
Status
Year Built
1971
Square Feet
39,152
sq. ft
Lot Size
1.43
Sewer
Public Sewer
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