1321 Yosemite St - Apartments FOR SALE


Denver, CO 80220- East Colfax
$1,750,000 USD
720-939-2943
1321 Yosemite St, Denver, CO for Sale
$1,750,000 USD
Apartments - FOR SALE
1/9
null | 6.37% Cap Rate

1321 Yosemite St
Denver, CO 80220
East Colfax


HIGHLIGHTS

  • Diverse unit mix
  • Balconies for most units
  • Newer roof
  • Updated windows
  • Square D electrical panels

OVERVIEW

The Hornstein Fetter team at NorthPeak Commercial Real Estate Advisors are pleased to team with Barry Bruskin of HomeSmart Realty to bring 1321 Yosemite Street, also known as the Marion Apartments, to market. This 14-unit asset offers a mix of studio, 1bd/1ba and 2bd/1ba units. The property has been owned and operated for years by the same family and it has been well managed under their care. Units are bright and finished with vinyl flooring, updated windows and many newer kitchens and baths. Many units also feature large, private balconies. Offered at $1,750,000 or only $125,000 per unit, Marion Apartments represents a compelling value opportunity for qualified investors in the Denver market. The property has received a number of updates (roof, electrical panels) and offers a very attractive basis for the next owner to continue successful ownership of this property. Private tours and additional information can be offered by contacting Joe Hornstein or Scott Fetter.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

14

PRICE/UNIT

$125,000

CAP RATE

6.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marion Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,375 SF

ZONING

G-MU-5

APN/PARCEL ID

6041-16-011

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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