Perry Duplex | 1231 Perry St
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Perry Duplex 1231 Perry St
2 Unit Apartment Building $1,580,000 ($790,000/Unit) 6.33% Cap Rate Denver, CO 80204
INVESTMENT HIGHLIGHTS
- Brand new duplex!
- Beautifully finished, natural light, open living spaces
- Close to downtown and public transit
EXECUTIVE SUMMARY
Welcome to the Perry Duplexes in the desired West Colfax/Sloan's Lake neighborhood. This listing is for a brand new duplex, 2 units. Visit the website to see more http://perryduplex.com/. Each unit is described below:
Enjoy a beautiful 3-story half duplex with a fully landscaped private yard. These new homes feature 3 bedrooms, 3.5 bathrooms, an open living room, a kitchen with a large island, and 1-car garage. The spacious basement can be a second family room, gym, game room, or fourth bedroom. High-end interior and exterior finishes, tall ceilings, and large windows are featured throughout the home. Take in the Colorado sunshine with city views from your second-story deck and first-floor patio. The beautiful scenery and vibrant neighborhood make this location a go-to city hub with access to entertainment and outdoor activities. You'll be close to everything West Colfax, Edgewater, and Sloan's Lake have to offer, including Alamo Drafthouse, Edgewater Public Market, Sloan's Tap & Burger, The Patio, and Odell Brewery. The property is also a one-block walk to Dry Gulch Park, offering great green space with scenic city views along the entire path. A less than 1-minute walk from the Perry Light Rail Station makes these properties a commuter’s dream location.
Enjoy a beautiful 3-story half duplex with a fully landscaped private yard. These new homes feature 3 bedrooms, 3.5 bathrooms, an open living room, a kitchen with a large island, and 1-car garage. The spacious basement can be a second family room, gym, game room, or fourth bedroom. High-end interior and exterior finishes, tall ceilings, and large windows are featured throughout the home. Take in the Colorado sunshine with city views from your second-story deck and first-floor patio. The beautiful scenery and vibrant neighborhood make this location a go-to city hub with access to entertainment and outdoor activities. You'll be close to everything West Colfax, Edgewater, and Sloan's Lake have to offer, including Alamo Drafthouse, Edgewater Public Market, Sloan's Tap & Burger, The Patio, and Odell Brewery. The property is also a one-block walk to Dry Gulch Park, offering great green space with scenic city views along the entire path. A less than 1-minute walk from the Perry Light Rail Station makes these properties a commuter’s dream location.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$108,000
|
$24.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,000
|
$24.56
|
| Taxes |
$5,000
|
$1.14
|
| Operating Expenses |
$3,000
|
$0.68
|
| Total Expenses |
$8,000
|
$1.82
|
| Net Operating Income |
$100,000
|
$22.74
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $24.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $24.56 |
| Taxes | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $1.14 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.68 |
| Total Expenses | |
|---|---|
| Annual | $8,000 |
| Annual Per SF | $1.82 |
| Net Operating Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $22.74 |
PROPERTY FACTS
| Price | $1,580,000 | Apartment Style | Townhome |
| Price Per Unit | $790,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.33% | Building Size | 4,398 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $1,580,000 |
| Price Per Unit | $790,000 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 4,398 SF |
| No. Stories | 3 |
| Year Built | 2024 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+4 | 2 | $4,500 | 2,186 - 2,212 |
1 of 1
Bike Score®
Very Bikeable (76)
ZONING
| Zoning Code | GMU3 |
| GMU3 |
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Perry Duplex | 1231 Perry St
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