1380 Mississippi AveDenver, CO 80223

This exceptional multifamily property at 1380 W Mississippi Avenue in Denver, CO, presents a rare investment opportunity. Boasting 13,560 square feet on a 0.43-acre lot, this 1980s-constructed building offers a compelling 6.65% current capitalization rate. Recent upgrades include a newer roof, windows, and electrical panels, minimizing immediate capital expenditure needs. Currently experiencing a low 5.55% vacancy rate, this property presents immediate upside potential through rental increases, with proforma rents already being achieved. The strong neighborhood demographics, featuring an average household income exceeding $107,560 within a two-mile radius, ensure consistent demand. Its strategic location provides easy access to major transportation arteries, including I-25, US Hwy 85, and the Broadway Light Rail Station, placing it within close proximity to the Gates District Redevelopment, Downtown Denver, the Denver Tech Center, and the Rocky Mountains. Furthermore, the property enjoys walkability to public transportation, parks, restaurants, and various employment centers. Priced at $4,025,000, this property offers a strong return on investment and significant long-term growth potential. Don't miss this chance to acquire a well-maintained, high-performing multifamily asset in a thriving Denver neighborhood.