Denver, CO 80203,1119 Pearl St
Denver, CO 80203,1119 Pearl St
Denver, CO 80203,1119 Pearl St
Denver, CO 80203,1119 Pearl St
Denver, CO 80203,1119 Pearl St
Denver, CO 80203,1119 Pearl St
See all 39 photos

$1,925,000

$2,000,000

3.8%
Est.Price: ?

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Est. payment /mo

12 Beds

9 Baths

7,388 SqFt


SOLD DATE : 04/21/2020

Key Details

Sold Price $1,925,000

Property Type Townhouse

Sub Type Attached Dwelling

Listing Status Sold

Purchase Type For Sale

Square Footage 7,388 sqft

Subdivision South Capitol Hill

MLS Listing ID 8568814

Sold Date 04/21/20

Bedrooms 12

Full Baths 6

Three Quarter Bath 3

HOA Y/N false

Abv Grd Liv Area 6,809

Originating Board REcolorado

Year Built 1886

Annual Tax Amount $8,118

Lot Size 5,227 Sqft

Acres 0.12

Property Description

Vintage 7,971 sf Capital Hill Italian Villa with carriage house has been converted into 8 separate units with major income potential. [Watch the listing video: https://youtu.be/9pg5OcJSjQU]. Right now the owner lives in the grand main floor unit and long term rents the other five units in the main house. It is our estimate that the 2120 sf main floor unit could be rented for $2,800/m, The second story consists of a studio apartment (studio 286 sf, rents for $900/m), a 2 bed/1 bath (651 sf, rents for $1,700/m), and a 1 bed/1 bath (562 sf, rents for $1450/m). There is also an 1 bed/1 bath attic unit (1087 sf, rents for $1350) and a basement 1 bed/ 1 bath (579 sf, rents for $825). In the basement there is a washer and dryer for residents, storage area for the main unit, and the utility room. There is large carriage house that is currently used for AirBnB rentals with two additional units; from January 2019 to Oct 2019 the seller grossed $62K from these two units alone. The ground level carriage house unit is 1 bed/1 bath (624 sf) unit that has been utilized as a 30 day furnished rental on AirBnB. We estimate longterm rents to be approximately $1,600/m. The second floor of the carriage house is a 2 bed/ 1 bath unit (750 sf) with a spiral staircase entry and another internal spiral staircase to the lofted second bedroom. Estimated long term rental for the 2/1 second floor carriage house is $1,800/m. There is a peaceful courtyard between the main house and carriage house. In the driveway there is enough room to park 3 cars off the street; the owner currently charges $100 per off street parking space, but most tenants do not even own vehicles. Before scheduling a tour, please virtually explore: Units 1-5 (https://my.matterport.com/show/?m=DqK67y7H41k), basement unit (https://my.matterport.com/show/?m=2NW7xZpaukk), carriage house first floor unit (https://my.matterport.com/show/?m=KnZobZjZk9j) and carriage house second floor (https://my.matterport.com/show/?m=Ff1SyawMox5).

Location

State CO

County Denver

Area Metro Denver

Zoning G-MU-5

Direction Use maps and please find street parking.

Rooms

Basement Partial

Primary Bedroom Level Main

Bedroom 2 Main

Bedroom 3 Main

Bedroom 4 Upper

Bedroom 5 Upper

Interior

Interior Features Loft

Heating Forced Air, Hot Water, Baseboard

Cooling Central Air, Room Air Conditioner

Fireplaces Type Circulating, 2+ Fireplaces, Gas, Great Room

Fireplace true

Appliance Self Cleaning Oven, Dishwasher, Refrigerator, Microwave, Disposal

Laundry In Basement, Common Area

Exterior

Exterior Feature Balcony

Garage Spaces 3.0

Roof Type Composition

Street Surface Paved

Porch Patio, Deck

Building

Story 2

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories Two

Structure Type Brick/Brick Veneer

New Construction false

Schools

Elementary Schools Dora Moore

Middle Schools Morey

High Schools East

School District Denver 1

Others

Senior Community false

SqFt Source Assessor

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Information and Real Estate Services (IRES)
Listed by Living Room Real Estate • 303-720-8491
Bought with West Peak Properties
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Making real estate fun, simple and stress-free!

+1(303) 858-8100

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8300 East Maplewood Avenue, Suite 100, Village, CO, 80111

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