700 S Pearl St
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700 S Pearl St
9 Unit Block of Flats £1,604,023 (£178,225/Unit) 5.34% Net Initial Yield Denver, CO 80209
Investment Highlights
- Location, Location, Location
- Surrounded by Neighborhood Eateries and Coffee Shops
- Obvious Rental Upside with Additional Renovation
- Six Blocks from Wash Park, RT D Light Rail & Whole Foods
- Well Maintained during 40-year Family Ownership
Executive Summary
700 South Pearl is an irreplaceable mixed-use property in the heart of Denver’s West Washington Park neighborhood. Originally home to a turn-of-the-century drug store, the building contains nine one-bedroom apartments and a stunning storefront office suite. The property is being marketed for the first time in over 40 years!
The building anchors a charming block of commercial spaces and small businesses that serve the surrounding community. Residents enjoy the quiet convenience of the neighborhood and its namesake, Denver’s iconic Washington Park, that is a short walk away.
The building anchors a charming block of commercial spaces and small businesses that serve the surrounding community. Residents enjoy the quiet convenience of the neighborhood and its namesake, Denver’s iconic Washington Park, that is a short walk away.
Property Facts
| Price | £1,604,023 | Apartment Style | Low Rise |
| Price Per Unit | £178,225 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Net Initial Yield | 5.34% | Building Size | 9,091 SF |
| No. Units | 9 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Price | £1,604,023 |
| Price Per Unit | £178,225 |
| Sale Type | Investment |
| Net Initial Yield | 5.34% |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 9,091 SF |
| Number of Floors | 2 |
| Year Built | 1906 |
| Parking Ratio | 0.88/1,000 SF |
Unit Amenities
- Tub/Shower
Site Amenities
- Games room
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Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 5156-02-041 | Improvements Assessment | £154,104 |
| Land Assessment | £11,541 | Total Assessment | £165,645 |
PROPERTY TAXES
Parcel Number
5156-02-041
Land Assessment
£11,541
Improvements Assessment
£154,104
Total Assessment
£165,645
zoning
| Zoning Code | B2 (U-MS-2) |
| B2 (U-MS-2) |
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700 S Pearl St
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