Multifamily

River Apartments

1725 W Mosier Pl, Denver, CO 80223

Listing Price: $5,925,000

Cap Rate
5.35%
Number of Units
42
GRM
13.30
Occupancy
95.0%
Price/Unit
$141,071
Price/Gross SF
$229.12
Gross SF
25,860

Investment Overview

Marcus & Millichap is pleased to present the River Apartments. This property is a well maintained, recently renovated, 42-unit multifamily asset located in the Denver Metro Area. The River Apartments boast an excellent location that provides residents easy access to numerous outdoor amenities, including Huston Lake Park, Ruby Hill Park, Vanderbilt Park, and Sanderson Gulch along the South Platte River. Conveniently located five miles from downtown Denver, residents can enjoy a wide array of retail, restaurant, and entertainment options nearby. The River Apartments are located five minutes (1.6 miles) away from the Broadway Light Rail station, which allows residents to access all Light Rail lines in the state. The West Mosier Place and South Quivas Street bus stop is located on the property line, providing residents easy access to public transportation. The River Apartments consist of three (3) studio, 33 one-bedroom/one-bathroom, and six (6) two-bedroom/one-bathroom units. The recent renovations to the River Apartments include both unit, interior, and exterior renovations. Unit renovations include new vinyl plank flooring, new hard surface countertops, new appliances, and new tile flooring in bathrooms. Interior renovations include new carpet flooring throughout the hallways. Exterior renovations include new double pane windows, digital locks, security cameras, and two new high-efficiency boilers. The River Apartments provide any investor with the opportunity to acquire a strong multifamily asset in a supply-constrained submarket. Proximity to downtown Denver paired with a growing population in this submarket ensures that fundamental demand will remain high. The River Apartments is a well-performing addition to any investors portfolio.

Investment Highlights

  • 42-Unit Multifamily Asset Consisting of Studio, One-, and Two-Bedroom Units
  • 38 Surface Parking Spaces (0.9/Unit)
  • Public Transit Stop on Property Line (S Quivas St. & W Mosier Pl.)
  • 5 Minutes/1.6 Miles from Broadway Station
  • 16 Minutes/5.0 Miles from Downtown Denver
  • 16 Minutes/10.2 Miles from Denver Tech Center

Exclusively Listed By

Listing Price: $5,925,000

Cap Rate
5.35%
Number of Units
42
GRM
13.30
Occupancy
95.0%
Price/Unit
$141,071
Price/Gross SF
$229.12
Gross SF
25,860

Investment Highlights

  • 42-Unit Multifamily Asset Consisting of Studio, One-, and Two-Bedroom Units
  • 38 Surface Parking Spaces (0.9/Unit)
  • Public Transit Stop on Property Line (S Quivas St. & W Mosier Pl.)
  • 5 Minutes/1.6 Miles from Broadway Station
  • 16 Minutes/5.0 Miles from Downtown Denver
  • 16 Minutes/10.2 Miles from Denver Tech Center

Investment Overview

Marcus & Millichap is pleased to present the River Apartments. This property is a well maintained, recently renovated, 42-unit multifamily asset located in the Denver Metro Area. The River Apartments boast an excellent location that provides residents easy access to numerous outdoor amenities, including Huston Lake Park, Ruby Hill Park, Vanderbilt Park, and Sanderson Gulch along the South Platte River. Conveniently located five miles from downtown Denver, residents can enjoy a wide array of retail, restaurant, and entertainment options nearby. The River Apartments are located five minutes (1.6 miles) away from the Broadway Light Rail station, which allows residents to access all Light Rail lines in the state. The West Mosier Place and South Quivas Street bus stop is located on the property line, providing residents easy access to public transportation. The River Apartments consist of three (3) studio, 33 one-bedroom/one-bathroom, and six (6) two-bedroom/one-bathroom units. The recent renovations to the River Apartments include both unit, interior, and exterior renovations. Unit renovations include new vinyl plank flooring, new hard surface countertops, new appliances, and new tile flooring in bathrooms. Interior renovations include new carpet flooring throughout the hallways. Exterior renovations include new double pane windows, digital locks, security cameras, and two new high-efficiency boilers. The River Apartments provide any investor with the opportunity to acquire a strong multifamily asset in a supply-constrained submarket. Proximity to downtown Denver paired with a growing population in this submarket ensures that fundamental demand will remain high. The River Apartments is a well-performing addition to any investors portfolio.

Exclusively Listed By

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