1848-54 South Pearl: Multifamily Sale Denver (Platt Park)

The Denver Apartment Buildings For Sale website announces that Greg Johnson and Kyle Malnati of Madison & Company Properties brokered the sale of a 4-unit apartment building in Denver’s Platt Park neighborhood today. The property addresses are 1848, 1850, 1852, and 1854 South Pearl Street, Denver, CO 80210.

Special thanks to:
The Queen of Closings: Brianna Corwin (Stewart Title)

We have provided detailed statistics regarding this sale below:
Denver Neighborhood: Platt Park
Address: 1848-1854 South Pearl Street, Denver, CO 80210
Sale Price: $800,000 (List Price: $745,000)
Price/Unit: $200,000
Price/SF: $329.22
# of Units: 4
Unit Mix: 4-1Br/1Ba
Building Size: 2,430* SF
Lot Size: 6,250* SF
Year Built: 1955
Parking Spaces: 3 surface spaces + garage
Link to Denver County Assessor’s Record

1848 South Pearl St. – Old Brochure (2015)

1848-1854 S. Pearl St. - Page 1 of brochure for blog

1848-1854 S. Pearl St. - Page 2 of brochure for blog

1848-1854 S. Pearl St. - Page 3 of brochure for blog

1848-1854 S. Pearl St. - Page 4 of brochure for blog

*Reader to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

– Walking distance to Light Rail
– Vibrant residential neighborhood with great restaurants (examples below):
— Platt Park Brewing Company (http://www.plattparkbrewing.com/)
— Park Burger (http://www.parkburger.com/locations/)
— Steam Espresso Bar (http://www.steamespressobar.com/)
— Sushi Den (http://sushiden.net/)
— Karma Yoga Center (http://www.karmayogacenter.com/)
— Izakaya Den (http://www.izakayaden.net/)
— Black Pearl (http://www.blackpearldenver.com/)
— 5 Green Boxes (http://5greenboxes.com/)
— Stella’s Coffee (http://www.stellascoffee.com/)
— Sexy Pizza (http://sexypizzaonline.com/locations/old-south-pearl/)

Read more about Platt Park’s popular South Pearl Street shopping district: http://southpearlstreet.com/

– 4-1Br/1Ba units
– Spacious patio and back yard provide tenants with great outdoor space
– Great parking ratio! (garage + 3 off-street spaces)
– Storage units for tenants located in garage
– New furnaces in each apartment
– Every unit has a stacked clothes washer and dryer (very rare)
– Individually Metered Electric and Gas

Greg Johnson (303-343-8333)
Kyle Malnati (303-358-4250)
Madison & Company Properties
1221 S. Clarkson St. #300, Denver, CO 80210