2421 – 2423 S Marion St
Denver, CO 80210

Address
2421 - 2423 S Marion St
Denver, CO 80210
List Price
$1,195,000
# Units
2
Price/Unit
$597,500
Gross Building Area
3,200 SF
Price/SF
$373.44
In-Place Cap Rate
4.86%
Market Cap Rate
7.19%

2421-2423 S Marion St was completely renovated in 2022-2023, and has essentially already been converted to total 4 units that would consist of 4 two-bedroom/one-bath units. This conversion/remodel includes almost everything to be brand new, including cabinets, appliances, floors, fixtures, and more.

Currently the property is operating as 2 units that each consist of four-bedrooms, two-bathrooms, and two complete kitchens. Simply adding drywall to close the entryway would complete the conversion to 4 units (nonconforming) and allow for the premium rents that being near Denver University and Observatory Park demands.

This asset provides the next owner peace of mind and ease of management. Furthermore, its location, proximity to DU, nearby parks, and vibrant South Broadway retail and restaurant scene ensures a strong tenant base with continuous growth and natural appreciation.

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