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4489 Grant St - 4489 Grant St

3 Unit Apartment Building Offered at $700,000 at a 5.15% Cap Rate in Denver, CO 80216

Apartment Buildings Colorado Denver 4489 Grant St, Denver, CO 80216

INVESTMENT HIGHLIGHTS

  • Development Potential with Mixed Use Zoning
  • 6 Off-Street Parking Spaces
  • Fully Leased

EXECUTIVE SUMMARY

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.

ATTACHMENTS

4489 Grant Street - CONCEPT PLAN_011022

PROPERTY FACTS Under Contract

Price $700,000 Property Type Multifamily
Price Per Unit $233,333 Building Class B
Sale Type Investment Lot Size 0.22 AC
Cap Rate 5.15% Building Size 2,566 SF
Sale Conditions
1031 Exchange
  • Redevelopment Project
 No. Stories 2
No. Units 3 Year Built 1894
Price $700,000
Price Per Unit $233,333
Sale Type Investment
Cap Rate 5.15%
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Units 3
Property Type Multifamily
Building Class B
Lot Size 0.22 AC
Building Size 2,566 SF
No. Stories 2
Year Built 1894

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 2 $1,830 -
1+1 1 $1,435 -
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Bike Score®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 2221-33-029 Improvements Assessment $8,020
Land Assessment $21,440 Total Assessment $29,460

PROPERTY TAXES

Parcel Number
2221-33-029
Land Assessment
$21,440
Improvements Assessment
$8,020
Total Assessment
$29,460

ZONING

Zoning Code E-MX-2 (Mixed use zoning perfect for development projects.)
E-MX-2 (Mixed use zoning perfect for development projects.)
(303) 887-4955

CONTACT

  • Listing ID: 33998673

  • Date on Market: 11/25/2024

  • Last Updated:

  • Address: 4489 Grant St, Denver, CO 80216

More public record information on 4489 Grant St, Denver, CO 80216

The RiNo Multifamily Property at 4489 Grant St, Denver, CO 80216 is currently available. Contact Pinnacle Real Estate Advisors for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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4489 Grant St, Denver, CO for sale Building Photo- Image 4 of 11
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4489 Grant St, Denver, CO for sale Building Photo- Image 5 of 11
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4489 Grant St, Denver, CO for sale Building Photo- Image 6 of 11
Shed
4489 Grant St, Denver, CO for sale Building Photo- Image 7 of 11
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4489 Grant St - 4489 Grant St
(303) 887-4955 x

4489 Grant St - 4489 Grant St

Chris Mitton

(303) 887-4955

(303) 887-4955

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