875 N Marion St - Apartments FOR SALE


Denver, CO 80218- Cheesman Park
$1,600,000 USD
317-523-2397
875 N Marion St, Denver, CO for Sale
$1,600,000 USD
Apartments - FOR SALE
1/9
null | 5.36% Cap Rate

875 N Marion St
Denver, CO 80218
Cheesman Park


HIGHLIGHTS

  • High demand downtown location
  • Walkable to grocery stores, parks, restaurants, and entertainment
  • Private entrances on garden and main floors
  • Onsite laundry

OVERVIEW

NEW PRICE! Located in one of Denver's most desirable downtown neighborhoods, 875 N Marion St presents a lucrative opportunity for investors. The area is a hotspot for multifamily investors due its high renter demand and elevated property values. The property offers significant upside without major expense by raising rents to market rates, implementing utility reimbursements, and adding tenant storage units to the garage. The parking area in the alley can also be monetized. Tenants will enjoy the incredible walkability, with a King Soopers only a block away, and the neighborhood attractions like Cheesman Park and the Denver Botanic Gardens. Onsite amenities include free laundry machines for tenants and a hot tub (optional in sale).

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

8

PRICE/UNIT

$200,000

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marion House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

G-MU-3

APN/PARCEL ID

5023-15-022

ASK ABOUT THIS PROPERTY

Calvin GravesBellStreetMore Info
317-523-2397

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Calvin GravesBellStreetMore Info
317-523-2397

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