4489 Grant Street, Denver, CO 80216
- $700,000
- 5
- BD
- 3
- BA
- 2,566
- SqFt
- Sold Price
- $700,000
- List Price
- $700,000
- Closing Date
- Mar 05, 2025
- Type
- Multifamily
- Property Sub Type
- Triplex
- Status
- CLOSED
- MLS Number
- 7233580
- Bedrooms
- 5
- Bathrooms
- 3
- Sqft Total
- 2,566
- Neighborhood
- Globeville
- Year Built
- 1894
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.
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Additional Information
- Lot Size Acres
- 0.22
- Lot Size Sq Ft
- 9,375
- Tax Amount
- $2,283
- Tax Year
- 2023
- Exterior Features
- Garden, Private Yard, Rain Gutters
- Sewer
- Community Sewer
- Basement Type
- Unfinished
- Heating
- Steam
- Cooling
- Other
- School District
- Denver 1
- Elementary School
- Garden Place
- Middle Or Junior School
- Mcauliffe Manual
- High School
- Manual
- Parking Total Searchable
- 5
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Courtesy of Pinnacle Real Estate Advisors . cmitton@pinnaclerea.com,303-887-4955
Selling Office: Pinnacle Real Estate Advisors.