United StatesColoradoDenver1147 N Marion Street

1147 N Marion Street
1147 N Marion Street Denver, Colorado 80218 United States

$1,250,000
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1147 Marion is a charming 5-unit apartment building that is ideal for an owner occupant or owner operator. Located in the desirable Cheesman Park neighborhood, the property was purpose-built as apartments so the units are uniform in size, layout...
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Listing Courtesy of NorthPeak Commercial Advisors, LLC
$1,250,000
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.11 Acres
Exterior
Single Family Homes
Property type
1902
Year Built
2822777
Web Id
2822777
MLS ID
Denver County 1
School District

About 1147 N Marion Street

1147 Marion is a charming 5-unit apartment building that is ideal for an owner occupant or owner operator. Located in the desirable Cheesman Park neighborhood, the property was purpose-built as apartments so the units are uniform in size, layout and condition, except for the garden level unit which is much larger than average. All five apartments are 1-bed/1-bath units that feature large floor plans, original hardwood floors and turn of the century craftsmanship. The building has been well-maintained and features a newer roof and gutters (2016). Rents are below market due to long term tenancies and can be easily increased. The unit interiors are in above average condition for the neighborhood, but the kitchens and bathrooms could be updated to command even higher rents. There is also value-add opportunity to expand the second level units into the attic by adding a spiral staircase, creating two 2-bedroom units out of two 1-bedroom units. The property also features five off-street parking spaces and one garage space which are currently not being monetized. There is huge upside at 1147 Marion.

Listing Courtesy of NorthPeak Commercial Advisors, LLC, Recolorado MLS

Amenities

  • Balcony

features

Style
Traditional

PROPERTY INFORMATION

Garage Info
1
Sewer
Public Sewer
Style
Traditional
Water
Public

EXTERIOR

Construction
Brick
Exterior Features
Balcony
Roofing
Architectural Shingles

ADDITIONAL INFORMATION

Number of Units
5
Listing Courtesy of NorthPeak Commercial Advisors, LLC
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Listing Courtesy of NorthPeak Commercial Advisors, LLC
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