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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.
| DAYS ON MARKET | 31 | LAST UPDATED | 11/25/2024 |
|---|---|---|---|
| TRACT | Globeville | YEAR BUILT | 1894 |
| COUNTY | Denver | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Garden Place |
|---|---|
| Jr. High School | Mcauliffe Manual |
| High School | Manual |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Cement Siding |
| EXTERIOR | Garden, Private Yard, Rain Gutters |
| HEAT | Steam |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | Level |
| STORIES | 2 |
| SUBDIVISION | Globeville |
| TAXES | 2283 |
| UTILITIES | Natural Gas Available, Cable Available, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected |
| WATER | Public |
| ZONING | E-MX-2 |
| SATELLITE VIEW |
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This IDX solution is (c) Diverse Solutions 2024.
