Start of property details
999 Pearl Street
Denver, 80203
FOR
SALE
$5,200,000
For Sale
6
Garage12,175
Sq.Ft.0.22
AcresMLS# 7438715
Listed on site 33 days since August 29th, 2023
Property Details
Introducing Pearl Nines, a meticulously renovated 16-unit apartment building ideally situated in the vibrant heart of Capitol Hill, Denver. Boasting an enviable location at 999 Pearl Street, residents can relish the convenience of being within walking distance to a myriad of popular bars and restaurants on Lincoln and Grant Street, as well as the beautiful Cheesman Park just under a mile away. The property is comprised of 7-1Br / 1Ba units and 9-2Br / 1Ba units, with 14 out of 16 units having undergone extensive renovations. Tenants of Pearl Nines are treated to a host of exceptional amenities, including a newly designed courtyard complete with ample seating and a grilling station, garage parking, on-site laundry facilities, additional off-street parking, and select units with balconies. 5% CAP Rate on Actual Numbers Assumable Financing at 3.92% for 3.5 more years! Turnkey 16 Unit Apartment Building Located in the Heart of Capitol Hill Reserved Underground Garage Parking Walking Distance to Several Popular Bars, Restaurants and Parks Numerous Large Capital Improvement Projects Completed (see next page) Several Amenities Including: On-Site Laundry, Storage Units, Balconies (select units) and a Courtyard with Ample Seating and a Grilling Station
Property Highlights
Price
$5,200,000
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Year Built
1961
Acres
0.22
Location
County
Denver
Zoning
G-MU-3
Property Details
Price
$5,200,000
Property Sub Type
Multi-Family
Property Type
Commercial Sale
Building
Total Area
12,175
Interior Features
Area and Spaces
Number of Units
16
Building Details
Construction
Year Built
1961
Materials
Construction Materials
Brick
Roof
Unknown
Terms
Commercial
Cap Rate
5.01
Terms
Exclusions
Tenant Possessions
Taxes
Tax
Tax (Annual)
$16,691
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Water Source
Public
Lot
Acres
0.22
Lot Size
0.22
Lot Size Area Sq Ft
9,583
Exterior Features
Exterior Features
Balcony, Gas Grill
Parking
Garage Capacity
6
Total Parking Spaces
13
Listed by Pinnacle Real Estate Advisors, [email protected], 303-962-9543.
Listing Data last updated 1st October, 2023 22:00 MST
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Property History
33 days ago
Property Listed
19 days ago
Property info last updated
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Listing Data last updated: 1st October, 2023 22:00 MST
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Listed by Pinnacle Real Estate Advisors
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