1330 W Mississippi Avenue, Denver, CO 80223

$5,750,000
List Price
$5,750,000
Type
Multifamily
Status
ACTIVE
MLS Number
4673468
Total Sqft
25592
Year Built
1971

Property Description

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.

Additional Information

Style
MidRise
Zoned
G-MU-5
Lot Size
43,750
Acres
1
Contstruction
Brick
Taxes
$22,159
Tax Year
2019

Courtesy of CBRE, Inc.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Real Estate Company are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. IDX Terms and Conditions