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1119 Pearl St Denver, CO 80203
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Key Details
Sold Price $1,925,000
Property Type Townhouse
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 7,388 sqft
Subdivision South Capitol Hill
MLS Listing ID 8568814
Sold Date 04/21/20
Bedrooms 12
Full Baths 6
Three Quarter Bath 3
HOA Y/N false
Abv Grd Liv Area 6,809
Originating Board REcolorado
Year Built 1886
Annual Tax Amount $8,118
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Vintage 7,971 sf Capital Hill Italian Villa with carriage house has been converted into 8 separate units with major income potential. [Watch the listing video: https://youtu.be/9pg5OcJSjQU]. Right now the owner lives in the grand main floor unit and long term rents the other five units in the main house. It is our estimate that the 2120 sf main floor unit could be rented for $2,800/m, The second story consists of a studio apartment (studio 286 sf, rents for $900/m), a 2 bed/1 bath (651 sf, rents for $1,700/m), and a 1 bed/1 bath (562 sf, rents for $1450/m). There is also an 1 bed/1 bath attic unit (1087 sf, rents for $1350) and a basement 1 bed/ 1 bath (579 sf, rents for $825). In the basement there is a washer and dryer for residents, storage area for the main unit, and the utility room. There is large carriage house that is currently used for AirBnB rentals with two additional units; from January 2019 to Oct 2019 the seller grossed $62K from these two units alone. The ground level carriage house unit is 1 bed/1 bath (624 sf) unit that has been utilized as a 30 day furnished rental on AirBnB. We estimate longterm rents to be approximately $1,600/m. The second floor of the carriage house is a 2 bed/ 1 bath unit (750 sf) with a spiral staircase entry and another internal spiral staircase to the lofted second bedroom. Estimated long term rental for the 2/1 second floor carriage house is $1,800/m. There is a peaceful courtyard between the main house and carriage house. In the driveway there is enough room to park 3 cars off the street; the owner currently charges $100 per off street parking space, but most tenants do not even own vehicles. Before scheduling a tour, please virtually explore: Units 1-5 (https://my.matterport.com/show/?m=DqK67y7H41k), basement unit (https://my.matterport.com/show/?m=2NW7xZpaukk), carriage house first floor unit (https://my.matterport.com/show/?m=KnZobZjZk9j) and carriage house second floor (https://my.matterport.com/show/?m=Ff1SyawMox5).
Location
State CO
County Denver
Area Metro Denver
Zoning G-MU-5
Direction Use maps and please find street parking.
Rooms
Basement Partial
Primary Bedroom Level Main
Bedroom 2 Main
Bedroom 3 Main
Bedroom 4 Upper
Bedroom 5 Upper
Interior
Interior Features Loft
Heating Forced Air, Hot Water, Baseboard
Cooling Central Air, Room Air Conditioner
Fireplaces Type Circulating, 2+ Fireplaces, Gas, Great Room
Fireplace true
Appliance Self Cleaning Oven, Dishwasher, Refrigerator, Microwave, Disposal
Laundry In Basement, Common Area
Exterior
Exterior Feature Balcony
Garage Spaces 3.0
Waterfront false
Roof Type Composition
Street Surface Paved
Porch Patio, Deck
Building
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Dora Moore
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Read Less
Bought with West Peak Properties