Denver, CO 80209,27-29 S Grant ST
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Denver, CO 80209,27-29 S Grant ST
Denver, CO 80209,27-29 S Grant ST
Denver, CO 80209,27-29 S Grant ST
Denver, CO 80209,27-29 S Grant ST

$970,000

Est. payment /mo

$975,000

0.5%
Est.Price: ?

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27-29 S Grant ST Denver, CO 80209

6 Beds

5 Baths

2,787 SqFt

SOLD DATE : 05/30/2023

Key Details

Sold Price $970,000

Property Type Multi-Family

Sub Type Quadplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,787 sqft

Price per Sqft $348

Subdivision Speer

MLS Listing ID 6518313

Sold Date 05/30/23

Bedrooms 6

HOA Y/N No

Abv Grd Liv Area 2,098

Originating Board recolorado

Year Built 1905

Annual Tax Amount $4,845

Tax Year 2022

Property Description

27-29 S Grant Street represents a true value add opportunity in the heart of Denver. Located just north of Washington Park and just east of the Baker neighborhood, 27- 29 S Grant St is situated in one of the most desirable locations in Denver with walking access to great restaurants, bars, transit and outdoor recreation. The majority of the property has been occupied by the same tenants for years. This group has enjoyed the property and would be happy to stay if a future owner wanted to preserve the same low-vacancy investment model the current owner has used. However, a future owner seeking better returns will appreciate the unit layouts and see opportunity in the low current rental rates. A new roof has been added to the property and many of the updates a future owner may choose to make would be cosmetic. With a current rental rate that averages only $2/ft in a neighborhood that routinely achieves over $3/ft, there is significant opportunity at 27-29 S Grant for a future owner.

Location

State CO

County Denver

Zoning U-TU-B2

Rooms

Basement Partial

Interior

Heating Electric, Forced Air

Cooling Air Conditioning-Room

Fireplace N

Exterior

Roof Type Unknown

Total Parking Spaces 1

Garage No

Building

Lot Description Level

Sewer Public Sewer

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Dora Moore

Middle Schools Dsst: Byers Middle School

High Schools South

School District Denver 1

Others

Senior Community No

Ownership Agent Owner

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by NorthPeak Commercial Advisors, LLC • joe@northpeakcre.com,720-939-2943
Bought with NorthPeak Commercial Advisors, LLC
agent

Cindy Kitch

Advisor | License ID: 155064460

+1(650) 776-3338

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