Emma Parham Apartments | 1069 Pearl St
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Emma Parham Apartments 1069 Pearl St
8 Unit Apartment Building $1,625,000 ($203,125/Unit) 6.46% Cap Rate Denver, CO 80203
Investment Highlights
- Light & Bright Units
- Off-Street Parking
- Brand-New Windows
Executive Summary
$100,000 Price Reduction! Fantastic opportunity to acquire the Emma Parham Apartments: A well-maintained, eight-unit multifamily property in the highly sought-after Capitol Hill neighborhood of Denver, Colorado. This property is comprised of 1 two-bedroom and 7 one-bedroom apartments, complemented by a charming brick facade, expansive windows, and original hardwood flooring. This vintage building, built in 1925, also boasts a distinctive collection of original fixtures, full kitchens, several private patios, lower-level laundry amenities and off-street parking provisions. Situated on an expansive lot, it enjoys a serene ambiance along a picturesque, tree-lined street. Moreover, its prime location places it just blocks away from Cheesman Park, as well as many restaurants, bars, markets, retail, services and more!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,625,000 | Apartment Style | Low Rise |
| Price Per Unit | $203,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.46% | Building Size | 4,878 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Price | $1,625,000 |
| Price Per Unit | $203,125 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,878 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 1.64/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Kitchen
- Hardwood Floors
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 607 |
| 2+1 | 1 | - | 1,300 |
1 of 1
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 5038-03-017 | Total Assessment | $130,270 |
| Land Assessment | $26,530 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $103,740 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5038-03-017
Land Assessment
$26,530
Improvements Assessment
$103,740
Total Assessment
$130,270
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | G-MU-5 |
| G-MU-5 |
-
Kyle Malnati -
Kentwood Commercial
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Emma Parham Apartments | 1069 Pearl St
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