127 Pearl Street
127 Pearl Street
$1,750,000
—
3,553
3,553
$493
Description
Golden Opportunity in the Speer Neighborhood! This enduring investment presents an opportunity with a very low vacancy rate in the highly sought-after Speer neighborhood. Ideal investment opportunity, with substantial upside. Currently boasting a 5% CAP rate, the rental market indicates a potential 5.6% CAP rate under new ownership (refer to pro-forma for details). Situated in an excellent location for urban enthusiasts, the property is just 0.2 miles from the Cherry Creek bike path, less than half...Golden Opportunity in the Speer Neighborhood! This enduring investment presents an opportunity with a very low vacancy rate in the highly sought-after Speer neighborhood. Ideal investment opportunity, with substantial upside. Currently boasting a 5% CAP rate, the rental market indicates a potential 5.6% CAP rate under new ownership (refer to pro-forma for details). Situated in an excellent location for urban enthusiasts, the property is just 0.2 miles from the Cherry Creek bike path, less than half a mile from Alamo Placita Park, 1.5 miles to the Cherry Creek Mall, and a convenient 1/2 mile stroll to Broadway and 1st Avenue. It’s your urban renters’ dream locale. Features include central heating and A/C, updated windows throughout, modernized electrical systems, individually metered units with tenant-paid electricity. The building boasts newer furnace, newer roofs and gutters, as well as a sprinkler system that keeps the landscape lush and green, front and back. The kitchens are well-maintained, featuring painted cabinets, laminate counters (granite in one unit), and hardwood floors throughout. Utilities are divided with owners responsible for gas, A/C, common space electricity, water, sewer, and trash, while tenants cover unit electricity, cable, and internet. Additionally, a coin-operated laundry facility in the basement provides another income stream. Showings can be scheduled through showingtime and/or by email. 1 unit is vacant and ready to show. For questions about the listing, please call Eddie at 303-564-5864
- Listed by Debra Guy • RE/MAX of Cherry Creek • DEBRA@GUYTEAMHOMES.COM,720-289-7299
- Listed by Eddie Lederman • RE/MAX of Cherry Creek
Property Details for 127 Pearl Street
Structure Type
Free Standing
Architectural StyleVictorian
Stories3
Location
LISTING UPDATED: 04/04/2024 09:36 PM
Property Details for 127 Pearl Street
Status | Active |
---|---|
MLS # | 7135874 |
Days on Compass | 26 |
Taxes | $5,277 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Commercial Sale |
MLS Type | Multi-Family |
Year Built | 1922 |
Lot Size | 0.11 AC / 4,637 SF |
County | Denver County |
Location
Building Information for 127 Pearl Street
Stories-Residences6Year Built1922Lot Size0.11 AC / 4,637 SF
Payment Calculator
$9,990 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 127 Pearl Street
Public Records for 127 Pearl Street
Taxable ValueLand$21,840Additions$63,840Total$85,680
Tax Record2023$6,639 ($553 / month)
Home Facts
Baths6Total Finished SqFt2,426 SqFtAbove Grade Finished SqFt2,426 SqFtStories2Lot Size4,687 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningU-TU-B2CountyDENVERAPN05101-25-015-000
Schools near 127 Pearl Street
This home is within Denver County 1 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Dora Moore ECE - 8th Grade School PublicPK to 8 | ||
Grant Middle School Public6 to 8 | ||
South High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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