27 29 S Grant Street, Denver, CO, 80209
  • $975,000

Overview

Property ID: HZ6518313
  • Quadruplex, ResidentialIncome
  • Property Type
  • 6
  • Bedrooms
  • 5
  • Bathrooms
  • 1905
  • Year Built

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.

  • Address: 27 29 S Grant Street
  • City: Denver
  • State/county: Denver
  • Zip/Postal Code: 80209

Details

Updated on April 24, 2023 at 5:31 pm
  • Property ID HZ6518313
  • Price $975,000
  • Bedrooms 6
  • Bathrooms 5
  • Year Built 1905
  • Property Type Quadruplex, ResidentialIncome
  • Property Status Active

Additional details

  • PropertySubType Quadruplex
  • Subdivision Speer
  • Tax Year 2022
  • Construction Materials Brick
  • Roof Other
  • Lot Features Level
  • LotSizeUnits Acres
  • Middle School DSST: Byers Middle School
  • HighSchool South
  • HighSchool District Denver 1
  • ElementarySchool Dora Moore

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