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.
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
Owner options
What's special
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#: 6518313

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