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Sold for $970,000 on 05/30/23
  • $970,000

    27-29 S Grant Street, Denver, CO 80209

    6beds
    5baths
    3,094sqft
    Quadruplex
    Built in 1905
    -- sqft lot
    $1,040,200 Zestimate®
    $314/sqft
    $3,090 Estimated rent

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    $3,090/mo

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    $3,090/mo

    Rent Zestimate®

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    $5,355/mo

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    $5,355/mo

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    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: May 30, 2023 at 02:57pm

    Listed by:

    Joe Hornstein 720-939-2943 joe@northpeakcre.com,

    NorthPeak Commercial Advisors, LLC

    Bought with:

    Joe Hornstein, 40032215

    NorthPeak Commercial Advisors, LLC

    Source: REcolorado,MLS#: 6518313MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Heating
    • Electric, Forced Air
    Cooling
    • Air Conditioning-Room
    Features
    • Basement: Partial
    Interior area
    • Total structure area: 3,094
    • Total interior livable area: 3,094 sqft
    • Finished area above ground: 2,098

    Property

    Parking
    • Total spaces: 1
    • Details: Off Street Spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Features: Level
    Details
    • Parcel number: 510411029
    • Zoning: U-TU-B2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Brick
    • Roof: Unknown
    Condition
    • Year built: 1905

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Location
    • Region: Denver
    • Subdivision: Speer

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Ownership: Agent Owner
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    Estimated market value
    $1,040,200