1775 S Pearl St - Apartments FOR SALE


Denver, CO 80210- Platt Park
$10,400,000 USD
720-939-2943
1775 S Pearl St, Denver, CO for Sale
$10,400,000 USD
Apartments - FOR SALE
1/59
null | 4.66% Cap Rate

1775 S Pearl St
Denver, CO 80210
Platt Park


HIGHLIGHTS

  • State-of-the-art asset with unmatched finishes
  • All electric building, most utilities paid directly by tenants
  • Premier location in the heart of Central Denver
  • Limited apartment rental opportunities in the immediate vicinity

OVERVIEW

1775 S Pearl St. is a 27-unit apartment building which finished construction in late 2022. The building features a unit mix that includes two studios, twenty one 1-bedrooms, and four 2-bedroom units. The building also includes an underground parking garage that includes 17 secure parking spaces for residents + one additional off-street space off the alley behind the building. The apartment complex is in the heart of the Platt Park neighborhood and is within walking distance of several retail locations and some of the best restaurants in Denver including Sushi Den, Kaos Pizzeria, Park Burger, and Sweet Cow. The property is across the street from Steam Coffee. This property truly offers investors an opportunity to acquire an irreplaceable trophy asset in the heart of one of Denver’s most sought after neighborhoods and there is a very limited supply of comparable rental units available in the neighborhood.

FOR SALE DETAILS

PRICE

$10,400,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

27

PRICE/UNIT

$385,185

CAP RATE

4.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,872 SF

ZONING

U-MX -2X

APN/PARCEL ID

5227-25-050

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.