1267 N Marion St
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1267 N Marion St
5 Unit Apartment Building $1,250,000 ($250,000/Unit) 6.14% Cap Rate Denver, CO 80218
Investment Highlights
- Off-Street Parking With Additional 2-Car Detached Garage
- Close Proximity to Denver Botanic Gardens, Capitol Building, Denver Public Library
- Main Floor 2Br/1Ba Unit Ideal for Owner Occupant Features Private Yard and in Unit Washer/Dryer
- Popular Nearby Retail: Thump Coffee, Park Tavern, Snarfs Sandwiches, Potager, 3 Kilts, Ideal Market,
Executive Summary
5-Unit apartment building located in a premier Central Denver location blocks away from Cheesman Park. This upadated 5-Unit consists of (1) 2BR/1BA, (1) 1BR/1BA, and (3) studio units. Off street parking with additional 2-car garage in the back of the building is a nice feature for tenants. The main floor 2BR/1Ba unit is ideal for an owner occupant and features its own private yard and in unit washer/dryer. Close proximity to downtown with popular nearby retail and restaurants. The Central Denver location makes commuting around the city a breeze.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $250,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.14% | Building Size | 3,618 SF |
| Sale Conditions | 1031 Exchange | No. Stories | 3 |
| No. Units | 5 | Year Built/Renovated | 1905/2015 |
| Property Type | Multifamily | Parking Ratio | 1.66/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,250,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.14% |
| Sale Conditions | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 3,618 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1905/2015 |
| Parking Ratio | 1.66/1,000 SF |
Unit Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 1,213 |
| 1+1 | 1 | - | 500 |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 5022-22-025 | Total Assessment | $78,490 |
| Land Assessment | $36,370 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $42,120 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5022-22-025
Land Assessment
$36,370
Improvements Assessment
$42,120
Total Assessment
$78,490
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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1267 N Marion St
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