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
