1267 Marion StDenver, CO 80218

Property Details for 1267 Marion St

Year built

1905

Lot size

0.19 AC

Property size (Sq ft)

2,405 SF

Zone code

G-MU-3

Property type

Apartment buildings

APN

05022-22-025-000

APU

502222025000

Description

Exceptional investment opportunity: a five-unit apartment building in Denver's desirable Cheesman Park neighborhood. This 2,913 square foot property, built in 1896, boasts a current NOI of $53,004 and a pro-forma NOI of $73,137, translating to a 4.24% cap rate and a pro-forma cap rate of 5.85%. The asking price is $1,250,000, or $250,000 per unit. The property features off-street parking, including a detached two-car garage. A main floor two-bedroom, one-bathroom unit, complete with a private yard and in-unit laundry, is ideal for owner-occupancy. Currently 100% occupied, this turnkey property offers immediate cash flow. Its prime location provides close proximity to the Denver Botanical Gardens, State Capitol Building, Denver Public Library, and numerous parks including Cheesman Park, Congress Park, Governors Park, and Civic Center Park. A wealth of nearby retail options includes Thump Coffee, Park Tavern, Snarf's Sandwiches, Potager, 3 Kilts, and Ideal Market. The 0.19-acre lot provides ample space. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a thriving Denver neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $754,587

  6.5%

  $696,542

  7%

  $646,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $436,196

  Geo Method

  $232,480

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,147,290

  Retail / Commercial

  $581,723

  Mixed-Use / Specialty

  $574,447

  Hospitality / Lodging

  $414,682

  Office

  $565,617

  Institutional / Educational

  $595,335

  Multifamily

  $864,230

  Automotive / Energy

  $510,287

  Parking / Income-Based Land

  $181,233

  Restaurant / Food Service

  $287,674

  Healthcare / Senior Housing

  $594,419

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7362

Longitude

-104.972

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].