999 Pearl Street Denver, CO $ 5,200,000
999 Pearl Street
$ 5,200,000
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999 Pearl Street

Denver, CO, 80203
$ 5,200,000
Baths0.0 Sq 12,175

Monthly Estimate*

$ 36,324

Listed by Pinnacle Real Estate Advisors
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Studio

Commercial Property for sale in Denver, CO

for $5,200,000. This 12,175 square foot building was built in 1961 on a lot size of 0.22.

Introducing Pearl Nines, a meticulously renovated 16-unit apartment building ideally situated in the vibrant heart of Capitol Hill, Denver. Boasting an enviable location at 999 Pearl Street, residents can relish the convenience of being within walking distance to a myriad of popular bars and restaurants on Lincoln and Grant Street, as well as the beautiful Cheesman Park just under a mile away. The property is comprised of 7-1Br/1Ba units and 9-2Br/1Ba units, with 14 out of 16 units having undergone extensive renovations. Tenants of Pearl Nines are treated to a host of exceptional amenities, including a newly designed courtyard complete with ample seating and a grilling station, garage parking, on-site laundry facilities, additional off-street parking, and select units with balconies. • 5.17% CAP Rate on Actual Numbers • Assumable Financing at 3.92% for 3.5 more years! • Turnkey 16 Unit Apartment Building Located in the Heart of Capitol Hill • Reserved Underground Garage Parking • Walking Distance to Several Popular Bars, Restaurants and Parks • Numerous Large Capital Improvement Projects Completed (see next page) • Several Amenities Including: On-Site Laundry, Storage Units, Balconies (select units) and a Courtyard with Ample Seating and a Grilling Station

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Commercial Contingent

Price

$ 5,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,691

Style

Lot Size

0.22

Year Built

1961

Town/City

Denver

County/Region

Denver

MLS | Web ID

7438715

Features
General
Sewer Public Sewer
Roof Unknown
Exterior Features Balcony Gas Grill
Zoning G-MU-3
Garage Spaces 6
Construction Materials Brick
Exclusions Tenant Possessions
Year Built 1961
Property SubType Multi-Family
Tax Year 2022
Current Use Multi-Family
Gross Income 364870
County Denver
Operating Expense 95859
Property Type Commercial Sale
Attached Garage Y
Contingency None Known
Building Features Laundry Storage
Status Pending
City Denver
Buyer Agent Compensation 2
Total Units 16
Lot Size Square Feet 9583.2
Carport Spaces 0
Street Name Pearl
Tax Annual Amount 16691
Standard Status Active Under Contract
Occupancy Description Tenant (Multiple)
Cap Rate 5.17
Buyer Agent Compensation Type %
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Exterior
Water Source Public
Total Parking 13
Lot Size Area 0.22
Building Area Total 12175
Lot Size Acres 0.22
Lot Size Units Acres
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Interior
Street Suffix Street
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Internal Only
Street Number 1 999
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* Excluded Features
List By
Pinnacle Real Estate Advisors

Broker

(303) 962-9543

Phone

Affordability Calculator

$37,714
Per Month
96%
4%
0%
Monthly Principal & Interest
$36,324
Monthly Property Taxes
$1,391
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/29/2023$5,200,000 Listed Price

Map


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999 Pearl Street, Denver, CO, 80203 is a Commercial Property for sale at $5,200,000 with 12,175 sqft and a lot size of 0.22. 999 Pearl Street is a studio with 0.0 baths and was built in 1961. The property's zip code is 80203 which is in Denver, CO