pearl nines

about this investment

Acquisition Date:

January, 2011

Disposition Date:

May, 2024

Purchase Price:

$1,198,000

Leverage on Acquisition:

89.6%

Realized Exit Valuation:

$5,040,000

Net IRR:

47.93%

Net Multiple:

6.27x

Pearl Nines is a 16-unit garden style multifamily complex located in the Capitol 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.

Back To Portfolio