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    1147 N Marion Street

    Denver, CO 80218
    • $1,250,000
    • STATUS: Pending
    • ON SITE: 78 days
    • ID#: 2822777
    Under Contract
    UPDATED: 91 min ago
    $1,250,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,393
      SQFT
    • $368
      $/SQFT
    Type:
    Multi-Family
    Built:
    1902
    County:
    Area:

    School Ratings & Info

    Offered by Northpeak Commercial Advisors, Llc.

    Description

    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.

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Dixon Group at Keller Williams Realty DTC are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.metrodenverliving.com/homes/119076607
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    1147 N Marion Street Denver, CO 80218

    • Price: $1,250,000
    • Status: Pending
    • Updated: 91 min ago
    • ID#: 2822777
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,393
    SQFT
    $368
    $/SQFT
    1902
    Built
    County:
    Denver
    Area:
    Denver
    Property Description
    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.
    Exterior Features

    Architectural Style TraditionalLow Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Balcony Garage YN Yes Lot Size Area 0.11 Lot Size Square Feet 4687 Parking Total 5 Patio And Porch Features Balcony Road Surface Type Paved Roof ArchitecturalShingle

    Interior Features

    Levels Two

    Property Features

    Construction Materials Brick Contingency None Known Electric 110 Volts Exclusions Tenant Personal Property in Units And Owner Personal Property in Garage. Possession Closing Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 5207 Tax Year 2021 Utilities Electricity ConnectedNatural Gas ConnectedPhone Connected Water Source Public Zoning U-Rh-2.5

    Listing courtesy of Northpeak Commercial Advisors, Llc: MLS #2822777


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Dixon Group at Keller Williams Realty DTC are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    The Dixon Group at Keller Williams Realty DTC
    6300 S Syracuse Way #150
    Centennial CO, 80111
    Offered by Northpeak Commercial Advisors, Llc.