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27-29 S Grant ST Denver, CO 80209
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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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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NorthPeak Commercial Advisors, LLC