4489 Grant St - 4489 Grant St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4489 Grant St - 4489 Grant St
3 Unit Apartment Building Offered at $990,507 CAD at a 5.15% Cap Rate in 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.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$90,875
|
$35.42
|
| Other Income |
$11,324
|
$4.41
|
| Vacancy Loss |
$4,544
|
$1.77
|
| Effective Gross Income |
$97,655
|
$38.06
|
| Taxes |
$3,328
|
$1.30
|
| Operating Expenses |
$28,143
|
$10.97
|
| Total Expenses |
$31,471
|
$12.26
|
| Net Operating Income |
$66,185
|
$25.79
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $90,875 |
| Annual Per SF | $35.42 |
| Other Income (CAD) | |
|---|---|
| Annual | $11,324 |
| Annual Per SF | $4.41 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,544 |
| Annual Per SF | $1.77 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $97,655 |
| Annual Per SF | $38.06 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,328 |
| Annual Per SF | $1.30 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $28,143 |
| Annual Per SF | $10.97 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,471 |
| Annual Per SF | $12.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $66,185 |
| Annual Per SF | $25.79 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,589 CAD | - |
| 1+1 | 1 | $2,031 CAD | - |
1 of 1
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 2221-33-029 | Total Assessment | $41,400 CAD (2023) |
| Land Assessment | $30,129 CAD (2023) | Annual Taxes | $3,328 CAD ($1.30 CAD/SF) |
| Improvements Assessment | $11,270 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2221-33-029
Land Assessment
$30,129 CAD (2023)
Improvements Assessment
$11,270 CAD (2023)
Total Assessment
$41,400 CAD (2023)
Annual Taxes
$3,328 CAD ($1.30 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | E-MX-2 (Mixed use zoning perfect for development projects.) |
| E-MX-2 (Mixed use zoning perfect for development projects.) |
-
Chris Mitton -
Pinnacle Real Estate Advisors
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4489 Grant St - 4489 Grant St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.