Denver, CO 80218
The historic Mullen Mansion consist of 7 lovely apartments, 6 above grade and one in the basement and a small office. The building is rich in both its history and its original details including stained oak trim,french doors, oak fireplace mantels with tile surrounds, beamed oak ceilings, pocket doors and built-in hutches. The electrical system is updated as well as copper plumbing throughout. This mansion would be easy to convert back to a single family home as the conversion to apartments was meant to be temporary until the Mullen's fortune returned. The apartments are under current market rental rates and the owner pays all utilities. The CAP rate would be higher with market rate rents and having tenants pay there own utilities. This is a very rare 14,000 plus square foot corner lot located in a very desirable part of Capitol Hill. With walk score of 88 and a bike score of 92 this where renters want to be. Please do not bother the tenants.
Steve Jones with KENTWOOD CITY PROPERTIES LLC
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