Capstone has closed the sale of 1431 Pearl St in Denver, a 18,151 SF, 17-unit multifamily property for the sale price of $3,300,000. Sean Holamon of Capstone represented both the Buyer and Seller in the transaction.
The 17-Unit property consists of 16 one-bedroom units & 1 two-bedroom unit. The property includes off-street parking, air conditioning and all electric appliances. The property is turn-key with newer electrical throughout installed in 2014 and new exterior walkup stairs, new high efficiency boiler, new roof, new windows, and renovated units.
1431 Pearl St is conveniently located in the heart of Capitol Hill. This premier location is blocks away from downtown Denver, walking distance to a variety of dining, entertainment, hip music venues and Civic Center Park.
The buyer plans to self-manage the property and hold the property for the long term. They are excited to own an asset that does not need any major CapEx or major projects.
Please call or email today to find out how we are different than the average apartment advisors.
About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
