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1301 E 33Rd Ave Denver, CO 80205

For Sale
$3,575,000

15-unit apartment building in Denver's Cole Neighborhood.

Property size:
10,740 SF

Property Features for 1301 E 33Rd Ave

General Information

Size
10,740 SF

Building Details

Year built
1961

Source: Adam Rakoczy Agent Adam Rakoczy

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Denver Multifamily Investment Opportunity

Located in the Cole Neighborhood of Denver, the Marion Street Apartments present an investment opportunity with a 15-unit apartment building. The property consists of 14 two-bedroom, one-bathroom units and one larger one-bedroom, one-bathroom unit. The property has been under the same investor for over 12 years and is well-maintained. The property currently yields a 5.3% cap rate on existing operations, with a path to a 6.3% cap rate by aligning rents with current market conditions. The property maintains a historically low vacancy, with several long-term tenants exceeding the decade mark. The majority of units being 2 bedrooms addresses a demand for affordable family housing in the area. The property features three parking spaces, supplemented by street parking due to the proximity of Cole Middle School. The property is on a corner lot with high visibility and great curb appeal.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Denver
County
Arapahoe
State
Colorado
Longitude
-104.971775
Latitude
39.7634757

FAQs

What type of property is this?
Apartment building - 15-unit apartment building in Denver's Cole Neighborhood.
Where is this apartment building located?
The property is located at 1301 E 33Rd Ave Denver, CO.
What is the asking price?
The asking price for this property is $3,575,000.
What are key features of this property?
This property features: - Proforma 6.5% Cap Rate achievable by aligning rents with market conditions.; - Historically low vacancy rate with long-term tenants.; - Spacious 2-bedroom/1-bathroom apartments cater to high demand for family housing.
More about this property
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