1330 W Mississippi Avenue, Denver, CO

$5,750,000

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1.00

Acre

About 1330 W Mississippi Avenue

Unit amenities at Platte River Apartments include designer floors, ceiling fans, walk-in closets, energy-efficient windows, air conditioning and some hard surface countertops. The property has controlled access, 60 off-street parking spaces, onsite laundry, a large courtyard with seating, elevator access and is less than one mile from the Broadway light rail station. Platte River has undergone recent capital improvements including a new roof, new windows, exterior walkways were redone in 2019, and updated sewer lines in 2019. Substantial upside by renovating the units to get the rents up to a market level. Please note that the reflected price is with the current loan assumption, which is below market interest rates right now. Terms of the note are a 3.35% interest rate, interest only through December 2029, maturity date in December 2029. This loan will bolster the cash-on-cash returns so please reach out for more information or to set up a tour.

Features of 1330 W Mississippi Avenue

MLS® # 4673468
Price $5,750,000
Bathrooms 0.00
Acres 1.00
Year Built 1971
Type Commercial Sale
Sub-Type Multi Family
Style Mid Rise
Status Active

Community Information

Address 1330 W Mississippi Avenue
City Denver
County Denver
State CO
Zip Code 80223

Amenities

Utilities Electricity Connected, Natural Gas Connected, High Speed Internet Available, Sewer Connected
Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Roof Membrane
Construction Brick

Additional Information

Date Listed April 13th, 2021
Days on Market 24
Zoning G-MU-5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCBRE, Inc.

Listing Map

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