127 Pearl Street

Denver, CO 80203

$1,750,000
Price
Beds
3,553 Sq. Ft.
$493 / Sq. Ft.
3,553
Sq. Ft.
$493
per Sq. Ft.

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
  1. Listed by Debra Guy • RE/MAX of Cherry Creek • DEBRA@GUYTEAMHOMES.COM,720-289-7299
  2. Listed by Eddie Lederman • RE/MAX of Cherry Creek

Property Details for 127 Pearl Street

Structure Type
Free Standing
Architectural Style
Victorian
Stories
3

Location

Listing Courtesy of RE/MAX of Cherry Creek, Debra Guy; RE/MAX of Cherry Creek, Eddie Lederman
Add your commute
LISTING UPDATED: 04/04/2024 09:36 PM

Property Details for 127 Pearl Street

StatusActive
MLS #7135874
Days on Compass26
Taxes$5,277 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCommercial Sale
MLS TypeMulti-Family
Year Built1922
Lot Size0.11 AC / 4,637 SF
CountyDenver County

Location

Listing Courtesy of RE/MAX of Cherry Creek, Debra Guy; RE/MAX of Cherry Creek, Eddie Lederman
Add your commute

Building Information for 127 Pearl Street

Stories-Residences6Year Built1922Lot Size0.11 AC / 4,637 SF

Payment Calculator

$9,990 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$440

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 127 Pearl Street

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 3553
  • Sqft Total: 3553
  • PSF Total: 493
  • Master on Main: No
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Unit Information
Unit 1
  • Unit Type: 1 Bedroom
  • Units Total: 5
  • Description: Rents between $1100 - $1400 per unit
Unit 2
  • Unit Type: Studio
  • Units Total: 1
  • Description: Current rent is $1,000/month
Unit Information
  • Number Of Units Total: 6
  • Number Of Units Vacant: 1
  • Units Furnished Total: 0
Parking
Parking
  • Parking Features: Concrete
  • Attached Garage: No
  • Parking Type: Off-Street
  • Parking Description: Off-Street-5
  • Parking Details: 5
  • Parking Total: 1
  • Garage Spaces: 0
  • Offstreet Spaces: 5
  • Parking Count: 5
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
Site & Location Information
Site & Location Information
  • Lot Size Acres: 0
  • Lot Size Square Feet: 4637
  • Lot Features: Landscaped, Sprinklers In Front, Sprinklers In Rear
  • Zoning: U-TU-B2
  • Property Exclusions: Seller and Tenants Personal Items
Building Information
Green Features
  • Green Verification Count: 0
Building Information
  • Building Features: Coin Laundry
  • Year Built Effective: 2007
  • Construction Materials: Brick
  • Roof: Composition
  • Common Area: 50.0
  • Per Unit Features: Assigned Parking
  • Unit Count: 2
Water & Utilities
Water & Utilities
  • Water Included: Yes
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Sewer: Public Sewer
  • Electric: 110V, 220 Volts

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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127 Pearl Street is for sale in Denver, CO 80203. This property was listed for sale on April 4, 2024 by RE/MAX of Cherry Creek, it's currently listed at $1,750,000. This listing's school district is Denver County 1 School District. Nearby schools include Dora Moore ECE - 8th Grade School, Grant Middle School and South High School. 127 Pearl Street is a 0-bed, 0-bath, 3,553 sqft built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX of Cherry Creek, Debra Guy; RE/MAX of Cherry Creek, Eddie Lederman

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