303-594-3252
1330 W Mississippi Ave, Denver, CO for Sale
Apartments - FOR SALE
1/27
null | Request Cap Rate

1330 W Mississippi Ave
Denver, CO 80223
Ruby Hill


HIGHLIGHTS

  • Premier South Denver Location with Strong Accessibility
  • Strong Denver Demographics and Employment Drivers
  • Continued Capital Improvements and Unit Upgrades
  • Established Asset Positioned Within a High Demand Rental Corridor
  • Operational and Rental Upside Through Continued Value Add Execution The opportunity exists for a new owner to continue re
  • Highly Attractive Assumable Agency Financing

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to offer the rare opportunity to acquire Riverpoint Apartments, a 42-unit multifamily community located in Denver, Colorado. The property is strategically located in South Denver with convenient access to Santa Fe Drive, I-25, and Highway 6, allowing connectivity throughout the Denver Metro, and benefits from proximity to Downtown Denver, the Denver Tech Center, and the South Broadway corridor. Built in 1971 and partially renovated in 2022, Riverpoint Apartments is a truly unique value-add asset that provides significant upside through the modernization of remaining classic units and operational improvements to stabilize the current occupancy. The asset features highly attractive, assumable full-term interest-only financing with a principal balance of $3.59M at a fixed 3.35% interest rate. The community offers a desirable mix of one- and two-bedroom floorplans and features recent exterior upgrades alongside modernized interiors in select units. Riverpoint Apartments presents a compelling opportunity driven by the combination of attractive assumable financing, operational upside through continued renovations, and strong Denver market fundamentals.

FOR SALE DETAILS

PRICE

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# OF UNITS

42

CAP RATE

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% LEASED

64%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverpoint

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1971

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

G-MU-5

APN/PARCEL ID

5211-06-022

ASK ABOUT THIS PROPERTY

Sam BretzMMGMore Info
303-594-3252

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Sam BretzMMGMore Info
303-594-3252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.