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1327 Jersey St
Denver, CO 80220
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Opportunity to Acquire a New 7-Unit Apartment Building in a Highly Desirable Area
- In-Unit Washer/Dryer in Every Unit
- PTAC / Mini-Split System for Heat/Air Conditioning in Every Unit
- New EPDM Roof, New Vinyl Double Pane Windows, New PVC/PEX Plumbing, New Electrical, New Hot Water Heaters
- 4 Units Featuring Rooftop Patios
- 5 Covered Off Street Parking Spaces
EXECUTIVE SUMMARY
Pinnacle Real Estate Advisors is pleased to present 1327 Jersey Street, a newly constructed (2021), 7-unit multifamily property located in Denver’s highly
sought-after Hale Neighborhood. The property is currently 100% occupied with an average in-place rent of $2,395/month and an average rent per square
foot of $2.62/SF, driven by large floorplans, modern finishes, and proximity to major employment nodes. Additional tenant attractions include private
rooftop decks (4 units), in-unit laundry, covered parking, and efficient PTAC/mini-split HVAC systems. These amenities will allow for new ownership to have
low operating expenses and minimal near-term capital needs. Demand for high-quality boutique product remains strong in the Hale/Mayfair corridor, where
limited new supply, strong demographics, and adjacency to Rose Medical Center and the new 9th and CO development continue to push rent levels. The
property is walking distance to multiple grocery stores (King Soopers and Safeway), the Mayfair Plaza Shopping Center, and numerous retail stores.
sought-after Hale Neighborhood. The property is currently 100% occupied with an average in-place rent of $2,395/month and an average rent per square
foot of $2.62/SF, driven by large floorplans, modern finishes, and proximity to major employment nodes. Additional tenant attractions include private
rooftop decks (4 units), in-unit laundry, covered parking, and efficient PTAC/mini-split HVAC systems. These amenities will allow for new ownership to have
low operating expenses and minimal near-term capital needs. Demand for high-quality boutique product remains strong in the Hale/Mayfair corridor, where
limited new supply, strong demographics, and adjacency to Rose Medical Center and the new 9th and CO development continue to push rent levels. The
property is walking distance to multiple grocery stores (King Soopers and Safeway), the Mayfair Plaza Shopping Center, and numerous retail stores.
PROPERTY FACTS
| Price Per Unit | $580,939 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.44% | Building Size | 6,808 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | E-MU-2.5 | ||
| Price Per Unit | $580,939 CAD |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,808 SF |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | E-MU-2.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Package Service
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 490 - 745 |
| 2+2.5 | 2 | - | 1,020 - 1,337 |
| 3+2.5 | 2 | - | 1,349 - 1,363 |
PROPERTY TAXES
| Parcel Number | 6052-12-014 | Improvements Assessment | $44,291 CAD |
| Land Assessment | $44,291 CAD | Total Assessment | $239,473 CAD |
PROPERTY TAXES
Parcel Number
6052-12-014
Land Assessment
$44,291 CAD
Improvements Assessment
$44,291 CAD
Total Assessment
$239,473 CAD
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