1272 Pearl St Denver, CO 80203

This charming 18-unit apartment building, located at 1272 N Pearl St in Denver, Colorado's desirable Capitol Hill neighborhood, presents a compelling investment opportunity. Built in 1927, this three-story brick building boasts 13,050 square feet on a 5,601 square foot lot. The property features a mix of studio and one-bedroom units, offering immediate upside potential in rental income. The building includes five dedicated parking spaces, a secured interior hallway, and vintage charm. The property's current Net Operating Income (NOI) is $158,432, with a pro-forma NOI of $228,183, resulting in a current cap rate of 4.28% and a pro-forma cap rate of 6.17%. The asking price is $3,700,000, translating to $205,555.56 per unit and $283.52 per square foot. The building features a flat roof, boiler heating, swamp cooler air conditioning, and is serviced by master gas and electric meters. Zoned G-MU-5, this property is ideal for a value-add buyer seeking a well-located, unique apartment building with significant rental upside. The building's vintage appeal combined with its prime location makes it a highly desirable investment.