1775 S Pearl St
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1775 S Pearl St
27 Unit Block of Flats £8,577,135 (£317,672/Unit) 4.43% Net Initial Yield Denver, CO 80210
Investment Highlights
- State-of-the-art asset with unmatched finishes
- Premier location in the heart of Central Denver
- All electric building, most utilities paid directly by tenants
- Limited apartment rental opportunities in the immediate vicinity
Executive Summary
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.
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.
Property Facts
| Price | £8,577,135 | Apartment Style | Low Rise |
| Price Per Unit | £317,672 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Net Initial Yield | 4.43% | Building Size | 20,000 SF |
| No. Units | 27 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Price | £8,577,135 |
| Price Per Unit | £317,672 |
| Sale Type | Investment |
| Net Initial Yield | 4.43% |
| No. Units | 27 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 20,000 SF |
| Number of Floors | 2 |
| Year Built | 2021 |
| Parking Ratio | 0.85/1,000 SF |
Unit Amenities
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 445 |
| 1+1 | 21 | - | 540 |
| 2+1 | 4 | - | 928 - 1,046 |
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Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 5227-25-050 | Improvements Assessment | £470,622 |
| Land Assessment | £79,113 | Total Assessment | £549,736 |
PROPERTY TAXES
Parcel Number
5227-25-050
Land Assessment
£79,113
Improvements Assessment
£470,622
Total Assessment
£549,736
zoning
| Zoning Code | U-MX -2X |
| U-MX -2X |
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1775 S Pearl St
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