$700,000
$700,000
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5 Beds
3 Baths
2,566 SqFt
SOLD DATE : 03/05/2025
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,566 sqft
Price per Sqft $272
Subdivision Globeville
MLS Listing ID 7233580
Sold Date 03/05/25
Bedrooms 5
HOA Y/N No
Abv Grd Liv Area 2,566
Originating Board recolorado
Year Built 1894
Annual Tax Amount $2,283
Tax Year 2023
Lot Size 9,375 Sqft
Acres 0.22
Property Sub-Type Triplex
Property Description
Introducing an exceptional investment opportunity in Denver, Colorado - 4489 Grant Street. This historic 2,566 SF multi-use building, offers three spacious units in mixed used E-MX-2 zoning. Priced at $700,000 with an as-is 5.15% Cap Rate and first year Cap rate at 6.68% this property presents compelling potential for multifamily or high-rise investors looking to capitalize on Denver's growing market.
With concept plans in place, this property provides development opportunities in a prime location. Surrounded by a robust demographic with an average household income of $114,004 within a 1-mile radius, this property is a promising investment. For those seeking a strategic move in the bustling Denver real estate market, 4489 Grant Street stands as a promising venture in a thriving community.
Location
State CO
County Denver
Zoning E-MX-2
Rooms
Basement Unfinished
Interior
Heating Steam
Cooling Other
Fireplace N
Laundry In Unit
Exterior
Exterior Feature Garden, Private Yard, Rain Gutters
Fence Partial
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available, Phone Connected
Roof Type Composition
Total Parking Spaces 5
Garage No
Building
Lot Description Level
Sewer Community Sewer
Water Public
Level or Stories Two
Structure Type Cement Siding
Schools
Elementary Schools Garden Place
Middle Schools Mcauliffe Manual
High Schools Manual
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Other, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Other, VA Loan
Special Listing Condition None
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