SOLD: 2477 Pierce Street (16-Units)

· by · in Commercial Properties Sold, Home. ·

Calibrate Real Estate announces the sale of a 16-unit building located in the Edgewater neighborhood, at 2477 Pierce Street. Kyle Malnati represented the Seller in this successful transaction.

The mission of Calibrate Real Estate is: “we exist to help people create generational wealth through real estate.” We believe that is our calling, our responsibility! At the core of our mission, we work with families. The Luethy family is our most recent example of how we love serving at Calibrate Real Estate.

4 sisters reunite to sign the second contract for the sale of their 50+ year family legacy property after the first one terminated 6 months prior. 

2477 Pierce Street – Marketing Brochure

Neighborhood: Edgewater
Address: 2477 Pierce Street, Edgewater CO 80214
Sale Price: $2,795,000
Price/Unit: $174,688
# of Units: 16
Building SF: 13,400 *
Lot SF:  30,303*
Year Built: 1963 & 1971

*Buyer to verify accuracy of square footage*

UNIT BY UNIT RENT ROLL:
1: 2Br/1Ba $875/Month
2:  2Br/1Ba $1,100/Month
3:  2Br/1Ba VACANT
4: 2Br/1Ba $1,050/Month
5: 2Br/1Ba $875/Month
6: 2Br/1Ba $875/Month
7: 2Br/1Ba $900/Month
8: 2Br/1Ba $1,000/Month
9: 2Br/1Ba VACANT
10: 1Br/1Ba $795/Month
11: 1Br/1Ba $690/Month
12: 1Br/1Ba $760/Month
13: 1Br/1Ba $690/Month
14: 1Br/1Ba $760/Month
15: 1Br/1Ba $690/Month
16: 1Br/1Ba $760/Month

INVESTMENT HIGHLIGHTS:
• Legacy Asset (50+ years) of ownership by the same family
• Two 8-unit Buildings
• Condo Conversion Potential
• New, Advanced Hydronics High Efficiency Boiler System
• New Roof on Both Buildings
• Abundant Off-Street Parking
• 1 mile from Sloan’s Lake
• 1.5 miles to Lakewood Country Club