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3279 S Pearl St - Pearl Street Condos 3,154 SF Flex Condo Unit Offered at $1,326,124 CAD in Englewood, CO 80113
EXECUTIVE SUMMARY
An investment property that can be utilized at a later date as a personal residence once the current lease agreements have expired or been terminated. This property is an up-and-down duplex, with the main-level 1-story home being a separate rental unit from the basement rental unit. The basement unit has a separate outside entrance. There is also a detached ADU rental unit that a tenant currently occupies. The owner has current leases in place for all the units, and the listing agent has all the leases available for inspection and review. The ADU has a heat and cooling unit in the window. The ADU is not currently approved for a rental unit, but a request has been submitted to the City of Englewood for approval. There is no guarantee that the City of Englewood will authorize the ADU to be a legal rental unit, and the seller does not represent that the ADU has been officially approved. All measurements are approximate and are derived from Arapahoe County Records or other sources. Listing agent must be present for all showings. There are three rental units on this property. The main level home, a lower-level rental unit, and an ADU in the back.
PROPERTY FACTS
| Total Building Size | 3,154 SF | Year Built | 1940 |
| Property Type | Multifamily (Condo) | Lot Size | 0.21 AC |
| Floors | 1 | Opportunity Zone |
Yes
|
| Typical Floor Size | 3,154 SF |
| Total Building Size | 3,154 SF |
| Property Type | Multifamily (Condo) |
| Floors | 1 |
| Typical Floor Size | 3,154 SF |
| Year Built | 1940 |
| Lot Size | 0.21 AC |
| Opportunity Zone |
Yes |
1 UNIT AVAILABLE
Unit A
| Unit Size | 3,154 SF | Cap Rate | 4.98% |
| Price | $1,326,124 CAD | NOI | $66,021.43 CAD |
| Price Per SF | $420.46 CAD | No. Parking Spaces | 3 |
| Condo Use | Flex | Sale Conditions | 1031 Exchange |
| Sale Type | Investment or Owner User | APN/Parcel ID | 1971-34-4-14-014 |
| Unit Size | 3,154 SF |
| Price | $1,326,124 CAD |
| Price Per SF | $420.46 CAD |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.98% |
| NOI | $66,021.43 CAD |
| No. Parking Spaces | 3 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 1971-34-4-14-014 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $3,141 CAD | 1,424 |
| 3+1 | 1 | $2,233 CAD | 1,424 |
| Studios | 1 | $1,780 CAD | 306 |
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3279 S Pearl St - Pearl Street Condos
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