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$ 2,950,000
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1327 Jersey ST Denver, CO 80220
6,808 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,808 sqft
Price per Sqft $433
MLS Listing ID 7938754
HOA Y/N No
Year Built 2021
Annual Tax Amount $14,195
Tax Year 2024
Lot Size 6,600 Sqft
Acres 0.15
Property Sub-Type Multi Family
Source recolorado
Property Description
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. • Opportunity to Acquire a New 7-Unit Apartment Building in a Highly
Desirable Area
• New EPDM Roof, New Vinyl Double Pane Windows, New PVC/PEX
Plumbing, New Electrical, New Hot Water Heaters
• In-Unit Washer/Dryer in Every Unit
• 4 Units Featuring Rooftop Patios
• PTAC / Mini-Split System for Heat/Air Conditioning in Every Unit
• 5 Covered Off Street Parking Spaces
Desirable Area
• New EPDM Roof, New Vinyl Double Pane Windows, New PVC/PEX
Plumbing, New Electrical, New Hot Water Heaters
• In-Unit Washer/Dryer in Every Unit
• 4 Units Featuring Rooftop Patios
• PTAC / Mini-Split System for Heat/Air Conditioning in Every Unit
• 5 Covered Off Street Parking Spaces
Location
State CO
County Denver
Zoning E-MU-2.5
Interior
Fireplace N
Exterior
Total Parking Spaces 5
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Concrete
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors
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Maira Romero-Terrazas
Broker Associate | License ID: 100101879