1142 Pearl Street
1142 Pearl Street
1142 Pearl Street
1142 Pearl Street
1142 Pearl Street
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1142 Pearl Street
1142 Pearl Street
1142 Pearl Street
1142 Pearl Street
1142 Pearl Street
Sold

1142 Pearl Street

1142 Pearl Street, Denver, CO 80203

$1,079,000
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.

7
beds

4
baths

4,632 Sq.Ft. LIVING AREA

0.14 Acres lot

Megan Douglas

Megan Douglas

Features & Amenities

Interior

  • total bedrooms7
  • Total bathrooms4

Area & Lot

  • Status Sold
  • Living Area4,632 Sq.Ft.
  • Lot Area0.14 Acres
  • MLS® ID9774116
  • TypeMULTI_FAMILY
  • YEAR BUILT1907
  • Architecture StylesSquare Design
  • Elementary SchoolDora Moore
  • Middle SchoolMorey
  • High SchoolEast
  • School DistrictDenver 1

Exterior

  • STORIES2
  • water SourcePublic
  • roofComposition
  • lot featuresLevel
  • HEAT TYPEForced Air
  • AIR CONDITIONINGNone
  • sewerPublic Sewer
  • SubstructureBrick

Financial

  • Sales Price$1,079,000
  • Real Estate Tax $6,292/yr
  • Zoning G-MU-5

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I genuinely care about my clients. (In fact, they’re often surprised by how much so!) But this is a major step in anyone’s life and I want it to be the best experience possible.

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