Click on the the 'Sign Up' below to start saving your personal searches!
127 N Pearl Street Denver, CO 80203
Mortgage Calculator
Monthly Payment (Est.)
$7,528Golden 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
a week ago | Listing updated with changes from the MLS® | |
a week ago | Price changed to $1,650,000 | |
a month ago | Listing first seen online |
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 RE/MAX of Cherry Creek 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.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.