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INVESTMENT HIGHLIGHTS
- Revere Deal Room - https://platform.reverecre.com/project/c730e3ef-b7a1-4bdb-bcad-171bb15a69cd
- The existing assumable loan features a 4.15% fixed rate, 75%+ LTV, and full-term interest-only through December 2028.
- Mosaic is projected to generate over $1.3 million in incremental effective income, offering investors a clear, executable path to value creation.
- Mosaic delivers a best-in-class amenity package uncommon for vintage assets of its era.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Mosaic Apartments, a 280-unit multifamily community located at 7100 E Evans Avenue in southeast Denver. Originally built in 1973 and situated across two adjacent parcels totaling 8.40 acres, Mosaic offers residents a thoughtfully updated living experience combining scale, accessibility, and lifestyle appeal. The property features two four-story buildings with a diverse unit mix of 6 studios (433 SF), 188 one-bedroom units (706 SF), and 86 two-bedroom units (881 SF), each showcasing an attractive blend of classic design and modern upgrades. Interior improvements include LVP flooring, contemporary shaker cabinetry, updated countertops, new white appliances, and upgraded lighting and fixtures, enhancing livability and positioning the community competitively within its peer set.
Residents enjoy a comprehensive amenity package supporting a best-in-class live-work-play environment, including a resort-style swimming pool, resident clubhouse with billiards and party lounge, fitness center, business center, grilling and picnic areas, playground, and package service, along with ample covered and surface parking. These features, combined with the community’s scale, allow Mosaic to function as a self-contained residential hub attractive to a wide renter demographic.
Mosaic benefits from a prime infill location with direct access to both I-25 and I-225, providing seamless connectivity to the Denver Tech Center, Cherry Creek, Downtown Denver, and the Anschutz Medical Campus—four of the metro’s largest employment centers. RTD light rail service and major bus routes along Evans Avenue further expand regional mobility. Surrounded by strong employment corridors, abundant retail and dining options, and expansive recreation at Cherry Creek State Park and James A. Bible Park, the property delivers an ideal balance of urban convenience and suburban livability.
With its combination of scale, upgraded physical condition, attractive debt assumption, and irreplaceable connectivity to Denver’s premier employment corridors, Mosaic Apartments represents a rare opportunity to acquire a high-quality, institutionally sized asset at a compelling basis.
Residents enjoy a comprehensive amenity package supporting a best-in-class live-work-play environment, including a resort-style swimming pool, resident clubhouse with billiards and party lounge, fitness center, business center, grilling and picnic areas, playground, and package service, along with ample covered and surface parking. These features, combined with the community’s scale, allow Mosaic to function as a self-contained residential hub attractive to a wide renter demographic.
Mosaic benefits from a prime infill location with direct access to both I-25 and I-225, providing seamless connectivity to the Denver Tech Center, Cherry Creek, Downtown Denver, and the Anschutz Medical Campus—four of the metro’s largest employment centers. RTD light rail service and major bus routes along Evans Avenue further expand regional mobility. Surrounded by strong employment corridors, abundant retail and dining options, and expansive recreation at Cherry Creek State Park and James A. Bible Park, the property delivers an ideal balance of urban convenience and suburban livability.
With its combination of scale, upgraded physical condition, attractive debt assumption, and irreplaceable connectivity to Denver’s premier employment corridors, Mosaic Apartments represents a rare opportunity to acquire a high-quality, institutionally sized asset at a compelling basis.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 8.40 AC |
| No. Units | 280 | Building Size | 209,118 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Mid-Rise | Parking Ratio | 2.13/1,000 SF |
| Building Class | B | ||
| Zoning | R-2-A | ||
| Sale Type | Investment |
| No. Units | 280 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 8.40 AC |
| Building Size | 209,118 SF |
| No. Stories | 4 |
| Year Built | 1972 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | R-2-A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Walk-In Closets
SITE AMENITIES
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Playground
- Gated
- Grill
- Laundry Service
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 600 |
| 1+1 | 188 | - | 706 |
| 2+1 | 86 | - | 865 - 956 |
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Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,923,370 | |
| Land Assessment | $343,860 | Total Assessment | $4,267,230 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$343,860
Improvements Assessment
$3,923,370
Total Assessment
$4,267,230
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Mosaic Apartments | 7100 E Evans Ave
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