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Pamela Gonacha, Associate Broker
SOLD
$970,000
Date 05/30/2023

27-29 S Grant Street
Denver, CO 80209

Fourplex
Residence
6
Beds
2,787
Sqft
Courtesy: NorthPeak Commercial Advisors, LLC, [email protected],720-939-2943
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.
6518313
Fourplex, Other
6
Denver
1905
Brick
Public Sewer
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Data Provided by Onboard
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

Courtesy: NorthPeak Commercial Advisors, LLC, [email protected],720-939-2943

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