1869 W Mosier Place

Denver, CO 80223

Incomes Property  $849,900  Under Contract

11-08-2019 02:10pm

Property 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.

Listing Details

MLS#
3615309
MLS Originator
REcolorado (Denver)
Off Market Date
11-08-2019 12:00am
Original Price
$849,900

Property Details

Property
Income
Property Subtype
Income
Status
Under Contract
Status Conditions
None Known
Last Update
11-08-2019 02:10pm
Bedrooms
11
Bathrooms
7
SqFt
6538
Year Built
1954
Der PSF Total
129.99

Map

Property Level and Sizes

SqFt Lot
7975.00
SqFt Finished
6538
SqFt Basement
1280
SqFt Above
5060

Financial Details

Previous Year Tax
$3,046
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
Electricity,Gas,Insurance,Maintenance
Transaction Type
For Sale

Interior Details

Cooling
Ceiling Fan
Heating
Baseboard, Steam
Heating Fuel
Gas

Exterior Details

Base Type
Garden Level
Base Finished
Yes
Base Floor Plan
Slab
Base Size
Full
Basement Finished %
95
Parking Spaces
1
Vehicle Spaces
6
Type
# of Space
L x W
Description
Off-Street
6
-

Exterior Construction

Building Type
5+ Plex (all units)
Structure
Multi-Story
Roof
Composition Shingles
Construction
Brick
Construction Method
Concrete
Builder Source
County Records

Schools

School District
Denver 1
Elementary School
Godsman
Middle School
Grant
High School
Abraham Lincoln

Condominium Projections

Annual Actual Expenses
0
Annual Projected Expenses
25646
Annual Actual Income
0
Annual Projected Income
94800
Annual Actual Net Income
0
Annual Projected Net Income
69154
Unit Furnished
0

Land Details

PPA
4721666.67
Lot Width
0.00

Contact Agent

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