$849,900

1869 W Mosier Place

Denver CO, 80223

Description

INVESTORS! LOOK HERE!!! Get consistent rents from this solid all-brick 7-unit which already has stellar and professional management in place. This rarely available and affordable almost never vacant multi-unit housing offering with a Denver address features a desirable unit mix of four 2 bed / 1 bath units and three 1 bed / 1 bath units. The zip code is transitioning rapidly and has been experiencing high appreciation rates. The 7.86% CAP rate (proforma), separate electric meters and mostly long term dependable tenants likely make this the perfect addition to a real estate investment portfolio. Not done yet--it includes a great opportunity for the new owner to add tenant value and income by leasing existing storage spaces (not currently in use) and by installing coin-op laundry machines in the utility room.

Details

MLS#3615309
StyleIndustrial
Sub-TypeResale
StatusActive
Year1954
Days On Site14

Features

SQ Feet6,538
Story(s)1
Units7
ZoningE-MU-2.5

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80223
AreaDenver
Listing VS Median (in 80223)
Price:
$849,900
low | high
Med:
$409,900
100% of Average
SqFt:
6,538
low | high
Med:
1,637
100% of Average
$ / SqFt:
$130
low | high
Med:
$250
42.622194296027% of Average
On Site:
14
low | high
Med:
25
56% of Average
Listing Updated: 10/21/2019
MLS Number: 3615309
Listing Provided By:
Corey Wiegand  of  Home Treasure Finders Inc
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