Denver, CO 80216 4489 Grant St
$700,000
Pending
5 more
Presented By: Pinnacle Real Estate Advisors; cmitton@pinnaclerea.com,303-887-4955
Beds • 5
Baths • 3
SQFT • 2,566
Garage • 5
Home Details
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.
Presented By: Pinnacle Real Estate Advisors; cmitton@pinnaclerea.com,303-887-4955
Interior Features for 4489 Grant St
Bedrooms
Total Bedrooms5
Bathrooms
Total Baths3
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area2566
Air Conditioning Y/NNo
BasementUnfinished
Below Grade Finished Area
Fireplace Y/NNo
Heating Y/NNo
General for 4489 Grant St
AccessibilityLevel Lot
Attached Garage No
Cap Rate5.15
CityDenver
Construction MaterialsComposition Siding
CountyDenver
ElectricElectric, Separate Meter Electricity
Elementary SchoolGarden Place
ExclusionsTenants personal Property
Garage Spaces5
Garage Y/NYes
Gas Y/NSeparate Meter Gas
Gross Income57866
HOANo
High SchoolManual
High School DistrictDenver 1
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet9375
Lot Size UnitsSquare Feet
MLS AreaMetro Denver
Middle/Junior High SchoolMcauliffe Manual
Net Operating Income36054
New ConstructionNo
Number Of Units Total3
Operating Expense21812
Other StructuresOutbuildings
Patio/Porch FeaturesPatio
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerOther Water/Sewer, Community
Standard StatusPending
StatusPending
Stories2
Subdivision NameGlobeville
Tax Annual Amount2283
Tax Year2023
UtilitiesElectricity Available, Cable Available
Waterfront Y/NNo
Year Built1894
ZoningE-MX-2
Exterior for 4489 Grant St
Building Area Total2566
Covered Spaces5
FencingPartial
Horse Y/NNo
Lot FeaturesGutters, Level
Lot Size Acres0.22
Lot Size Area9375
Other ParkingParking Per Unit(2 Spaces/Unit)
SpaNo
Water SourceCity Water, Other Water/Sewer
Additional Details
Price History
Schools
High School
Manual High School
Middle School
Mcauliffe Manual Middle School
Elementary School
Garden Place Elementary School
