$970,000
$975,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
5 Baths
2,787 SqFt
SOLD DATE : 05/30/2023
Key Details
Sold Price $970,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 2,787 sqft
Subdivision Speer
MLS Listing ID 6518313
Sold Date 05/30/23
Bedrooms 6
HOA Y/N false
Abv Grd Liv Area 3,094
Originating Board REcolorado
Year Built 1905
Annual Tax Amount $4,845
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
Area Metro Denver
Zoning U-TU-B2
Rooms
Basement Partial
Interior
Heating Forced Air
Cooling Room Air Conditioner
Exterior
Garage Spaces 1.0
Roof Type Other
Handicap Access Level Lot
Building
Lot Description Level
Story 2
Sewer City Sewer, Public Sewer
Level or Stories Two
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Dora Moore
Middle Schools Dsst: Byers Middle School
High Schools South
School District Denver 1
Others
Senior Community false
Special Listing Condition Other Owner
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201 Coffman Street # 1902, Longmont, Colorado, 80502, United States