about this investment
Leverage on Acquisition:
Unrealized Exit Valuation:
*Assumes February 2022 sale with exit valuation based upon current appraisal
Pearl Nines is a 16-unit garden style multifamily complex located in the Capital Hill neighborhood of Denver, Colorado. The property boasts both one and two-bedroom units and garage parking, a rare amenity for the neighborhood.
Pearl Nines is a short walk from bars, restaurants, and both Cheesman and Governor’s Parks. Known for its hustle and bustle, this neighborhood offers a harmonious mix of beautiful houses, apartment buildings, and historic mansions. Pearl Nines provides a range of amenities including on-site laundry, extra storage units, garage parking, and balconies for select units.
This property’s lack of previous capital investment, combined with its potential for better management, made Pearl Nines a prime opportunity for bringing units to market and renovating for a premium.