1147 Marion St - Apartments FOR SALE


Denver, CO 80218- Cheesman Park
$995,000 USD
303-263-6260
1147 Marion St, Denver, CO for Sale
$995,000 USD
Apartments - FOR SALE
1/23
null | 6.41% Cap Rate

1147 Marion St
Denver, CO 80218
Cheesman Park


HIGHLIGHTS

  • Well-maintained Victorian charm
  • Garage storage generates reliable additional income
  • Off-street parking available
  • Excellent block in Cheesman Park

OVERVIEW

1147 Marion Street presents a well-located, five-unit multifamily opportunity in the Cheesman Park neighborhood of Denver. At only $995,000, this property has been priced to move especially given its already proven stability of income. The property offers a buyer immediate cash flow from a stable in-place tenant base, complemented by near-term upside as select units transition to new leases at current market rates. The property boasts off-street parking as well as an income producing garage that generates highly consistent income regardless of market cycles.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,000

CAP RATE

6.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

U-RH-2.5

APN/PARCEL ID

5022-33-017

ASK ABOUT THIS PROPERTY

Kevin CalameNorthPeak Commercial AdvisorsMore Info
303-263-6260

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Kevin CalameNorthPeak Commercial AdvisorsMore Info
303-263-6260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.