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1240 Pearl St, Denver, CO 80203

$1,142,000
: 5
BD
: 5
BA
: 3,580
SqFt

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Sold Price: $1,142,000
List Price: $1,200,000
Closing Date: Dec 11, 2023
Type: Multifamily
Property Sub Type: Triplex
Status: CLOSED
MLS Number: 7401535
Bedrooms: 5
Bathrooms: 5
Sqft Total: 3,580
Year Built: 1905

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Property Description

This beautiful CapHill residence was under contract with a 1031 exchange and fell out in Spring 2022 due to timing on external issues .Leases were renewed at the same rate (no increase for multiple years as is evidence in the financials in supplements) Neighborhood has seen 6% increase in the last year alone. The separate apartments with correct safety exits and entry. Detached two car garage with 4 off-street parking spaces included in sale. 3/2, 2/1, 1/1 apartments are remodeled and heating was replaced in 2022. HOUSE HACK available in Capitol Hil. 3 units 4 off-street. parking spaces, currently rented to allow for immediate income generation Apts A and B are vacant and tenet in C is ,month to month. 24 hr notice on showings,

(303) 522-8226

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Additional Information

Tax Amount: $3,886
Sewer: Public Sewer
Basement Type: Full
Heating: Steam
Cooling: Other
School District: Denver 1
Elementary School: Dora Moore
Middle Or Junior School: Morey
High School: East