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FOR
SALE
$1,085,000
Active
5
Garage3,703
Sq.Ft.1900
Yr. BuiltMLS# 3864374
Cumulative Days on Market: Less than 1
(since
November 12th, 2024)
Data provided by the MLS.
Property Details
880 Marion St. is a stunning turn-of-the-century converted mansion located in Denvers highly desirable Cheesman Park neighborhood. The building offers a unit mix of six 1-bedroom apartments. The units offer an elegant blend of historic charm and modern comfort, featuring spacious layouts, high ceilings, and generously sized windows that flood the interiors with natural light. The property presents immediate rental upside, with rents currently below market due to long-term ownership and tenancies. Additionally, the property includes five garage parking spaces, of which only two are capitalized by current ownership, providing even more untapped revenue potential for a new owner. Situated on a prime 7, 810 square foot corner lot just three blocks west of Cheesman Park, the building is surrounded by local grocers, cafes and restaurants that make it especially attractive to renters. With its blend of charm, location and growth potential, 880 Marion stands as a prime investment, well-positioned to maintain high-occupancy and reliable returns for years to come.
Property Highlights
Price
$1,085,000
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Living Area
0.00
Acres
0.00
Year Built
1900
Location
County
Denver
Zoning
G-MU-3
Property Details
Price
$1,085,000
Property Sub Type
Multi-Family
Property Type
Commercial Sale
Building
Total Area
3,703
Interior Features
Area and Spaces
Number of Units
6
Building Details
Construction
Year Built
1900
Terms
Commercial
Cap Rate
4.86
Terms
Special Terms
Cash, Conventional
Taxes
Tax
Tax (Annual)
$5,813
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Parking
Total Parking Spaces
5
Listed by Northpeak Commercial Advisors, LLC, conner@northpeakcre.com, 303-818-1805.
Listing Data last updated 11/13/2024 10:46 AM
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Property History
Yesterday
Status Active. This is the date the listing was placed on market.
739601 days ago
Date of last price change
739601 days ago
Date Sold
739601 days ago
Property information last updated
NOTE: Cumulative Days on Market: Less than 1.
Data provided by the MLS.
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Listing Data last updated: 11/13/2024 10:46 AM
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Listed by Northpeak Commercial Advisors, LLC
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