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1267 N Marion St

5 Unit Block of Flats £997,125 (£199,425/Unit) 6.14% Net Initial Yield 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 £997,125
Price Per Unit £199,425
Sale Type Investment
Net Initial Yield 6.14%
Sale Conditions 1031 Exchange
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.19 AC
Building Size 3,618 SF
Number of Floors 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
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5022-22-025
Land Assessment
£28,929
Improvements Assessment
£33,503
Total Assessment
£62,433
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
  • Listing ID: 30086246

  • Date on Market: 22/08/2023

  • Last Updated:

  • Address: 1267 N Marion St, Denver, CO 80218

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