303-601-3466 info@zephyrres.com
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$1,100,000
45 Days Online

1142 Pearl Street
Denver, CO 80203

For Sale|Multi-Family|Pending
Subdivision:
Porters Addition
County:
Denver

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303-601-3466
1142 Pearl Street1142 Pearl Street1142 Pearl Street1142 Pearl Street
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1142 N Pearl is located in Capitol Hill, one of Denver's most popular neighborhoods. The unit mix consists of three 2Br/1Ba units and one 1Br/1Ba basement unit. There are eight available parking spaces in the back of the property, as well as a shared laundry room. Due to this property having approximately 1,100 square foot units, this makes this product type one of a kind in this market. With these unit sizes alone, investors should be able to achieve top of market rents. By investing approximately $25,000 per unit in renovation, the new owner should be able to achieve a 6% cap rate and a 7.27% cash on cash return. Additionally, there are multiple opportunities to boost income by charging for parking and laundry services, currently which are free to tenants. Recommended improvements are as follows: Complete Unit Renovations, Capital Expenditure Items (Roof, Decking, Etc.), Landscaping/Curb Appeal.

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Listing Snapshot
Price 
$1,100,000
Days Online 
45 Days
Bedrooms 
7
Inside Area (SqFt) 
4,632 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.14 Acres
Year Built 
1907
MLS Number 
9774116
Status 
Pending
Property Tax 
$6,292
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
3 weeks agoStatus changed to Pending
a month agoPrice changed to $1,100,000
2 months agoListing first seen online
General Features
Water 
Public
Construction 
Brick
Property Condition 
Fixer
Basement 
Partial
Zoning 
G-MU-5
Number of Stories 
2
Listing Conditions 
None
Property Sub Type 
Quadruplex
Acreage 
0.14
Sewer 
Public Sewer
Garage Spaces 
0
Style 
Square Design
Parking Spaces 
8
Attached Garage 
No
Interior Features
Cooling 
None
Heating 
Forced Air
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Exterior Features
Lot 
Level
Roof 
Composition
Community Features
Senior Community 
No
Schools
School District
Denver 1
Elementary School
Dora Moore
Middle School
Morey
High School
East
Listing courtesy of Unique Properties LLC



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 Unique Properties LLC 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.

Neighborhood & Commute
Source: Walkscore
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