NOT LISTED FOR SALE

27 S Grant St Unit 29 Denver, CO 80209

Speer Neighborhood

Estimated Value: $1,030,205 - $1,071,000

6 Beds
5 Baths
2,787 Sq Ft
$375/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $970,000 $348 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,263/month

2 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • Mini Split Air Conditioners
  • South High School Rated A-

About This Home

As of May 2023

27-29 S Grant Street represents a true value add opportunity in the heart of Denver. Located just north of Washington Park and just east of the Baker neighborhood, 27- 29 S Grant St is situated in one of the most desirable locations in Denver with walking access to great restaurants, bars, transit and outdoor recreation. The majority of the property has been occupied by the same tenants for years. This group has enjoyed the property and would be happy to stay if a future owner wanted to preserve the same low-vacancy investment model the current owner has used. However, a future owner seeking better returns will appreciate the unit layouts and see opportunity in the low current rental rates. A new roof has been added to the property and many of the updates a future owner may choose to make would be cosmetic. With a current rental rate that averages only $2/ft in a neighborhood that routinely achieves over $3/ft, there is significant opportunity at 27-29 S Grant for a future owner.

Last Agent to Sell the Property

Joe Hornstein

NorthPeak Commercial Advisors, LLC License #40032215 Listed on: 04/24/2023

Last Buyer's Agent

Joe Hornstein

NorthPeak Commercial Advisors, LLC License #40032215 Listed on: 04/24/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,845

Year Built

  • Built in 1905

Lot Details

  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2,787 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 1 Parking Space
  • 1 Off-Street Space

Schools

  • Dora Moore Elementary School
  • Dsst: Byers Middle School
  • South High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating System

Community Details

  • Speer Subdivision
  • Operating Expense $16,160

Listing and Financial Details

  • Assessor Parcel Number 5104-11-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,845

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Above Grade Price per Sq Ft: 462.35
  • Finished Price per Sq Ft: 348.04
  • Total Price per Sq Ft: 313.51
  • Year Built: 1905
  • Above Grade Finished Sq Ft: 2098.00
  • Actual Annual Net Income: 49164.00
  • Living Area: 2787.00
  • Offstreet Spaces: 1
  • Projected Annual Expense: 16160.00
  • Projected Annual Net Income: 54148.00
  • Projected Gross Income: 70308.00
  • Submitted Prospect: Yes
  • SubdivisionName: Speer
  • Special Features: None

Interior Features

  • Basement: Partial
  • Total Bedrooms: 6

Exterior Features

  • Roof: Unknown
  • Construction Materials: Brick

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room
  • Heating: Electric, Forced Air

Fee Information

  • Operating Expense: 16160.00

Schools

  • School District: Denver 1
  • Elementary School: Dora Moore
  • Middle School: DSST: Byers Middle School
  • High School: South
  • Middle Or Junior School: DSST: Byers Middle School

Lot Info

  • Parcel Number: 5104-11-029
  • Building Area Total: 3094.00
  • Lot Features: Level

Multi Family

  • Unit Count: 4

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4845.00

MLS Schools

  • Elementary School: Dora Moore
  • High School: South

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2020
Sold by
Pollart Sunne
Bought by
Old Nate Llc
Current Estimated Value
$1,055,340

Purchase Details

Closed on
May 14, 1999
Sold by
Lillard Floyd M
Bought by
Pollart Sunne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.94%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Old Nate Llc $795,000 Land Title Guarantee Co
Pollart Sunne $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pollart Sunne $181,000
Previous Owner Pollart Sunne $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $970,000 -0.5% $348 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $975,000 -- $350 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,821 $73,490 $20,970 $52,520
2023 $5,694 $73,490 $20,970 $52,520
2021 $4,779 $64,050 $26,310 $37,740
2020 $4,927 $66,410 $17,800 $48,610
2019 $4,789 $66,410 $17,800 $48,610
2018 $3,218 $41,600 $16,370 $25,230
2017 $3,209 $41,600 $16,370 $25,230
2016 $2,945 $36,110 $16,374 $19,736
2015 $2,821 $36,110 $16,374 $19,736
2014 $2,393 $28,810 $8,008 $20,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6518313

REcolorado®

APN: 5104-11-029