Listed by BellStreet
$1,600,000
875 N Marion St - Denver Multifamily
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,032
Units 8
Cap Rate 4.86%
NOI $77,718
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 6.7%
Pro-Forma NOI $107,271
Price per SqFt $397
Class C
Year Built 1926
Year Renovated 2023
Buildings 1
Stories 3
Acreage 0.130
Zoning G-MU-3
Parking Spaces 2 spaces
Parking Per SqFt 0.50
Investment Type Stabilized
Ownership Private
Sale Condition N/A
Cheesman Park Multifamily Investment Opportunity
Marketing description
NEW PRICE!
Charming Apartment Building in Denver’s Highly Sought-After Cheesman Park Neighborhood
Located in one of Denver's most desirable downtown neighborhoods, 875 N Marion St presents a lucrative opportunity for investors. Revenue upside easily attainable without significant expense by increasing rents, implementing RUBS, and adding tenant storage. 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.
Investment highlights
- Amazing locatio
- Significant upside without renovation
- High-demand neighborhood
- Well maintained property
- Onsite amenities
Listing Contacts
Listed by BellStreet
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,718.00
$6,476.50/mo
Valuation Metrics
0
DSCR
4.86%
Cap Rate
4.86%
ROI
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