407, 421, 422 29th Street

Denver, CO 80205
Square Ft.
22,996
$6,500,000
The Flats on 29th represents an outstanding, renovated 34-unit multifamily investment situated in Denver’s dynamic Five Points neighborhood. This offering is uniquely compelling due to the opportunity for investors to assume an attractive, fixed-rate financing structure, significantly boosting the initial cash yield on a property that has been comprehensively updatedRead MoreRead Less
Market LogoCourtesy of Pinnacle Real Estate Advisors [email protected]
Listing Snapshot
Days Online
15
Last Updated
Property Type
Multi Family
Square Ft.
22,996
Lot Size
0.4 Acres
Year Built
1929
MLS Number
6482809
30 Days Snapshot Of 80205
$650k
-13%
(avg) sold price
27
+3%
homes sold
77
+22%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Class: Class C, Building Name: Flats on 29th, Effective Year Built: 2014, Occupant Type: Tenant, Stories: 2, Structure Type: "Low Rise (1-3)", Total Area: 22996, Unit Count: 4, Unit Types: "Array", "Array", "Array", "Array", Built in 1929, 34 total units
Disclosures
Exclusions: Tenant's personal property
Expenses
Operating Expense: $197,859, Projected Annual Expense: $191,173
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 377142.00, Gross Income: $575,001, Projected Annual Net Income: $418,590, Projected Gross Income: $609,762
Lot
Acres: 0.4, Area: 17220, Parcel Number: 2264-04-011, Square Feet: 17220
Energy Saving
Green Verification Count: 0
Parking
Parking Total: 0, Carport Spaces: 0, Offstreet Spaces: 0, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 0
Property
Current Use: "Multi-Family", Property Sub Type: Multi Family
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 43488, Legal Description: CASE & EBERTS ADD B80 L17 TO 20 DIF BOOK 3187-531 -AND- L 15 & 16 BLK 80 CASE & EBERTS ADD -AND- L 1 & 2 & WLY 1/2 VAC ALY ADJ BLK 79 CASE & EBERTS ADD, Tax Year: 2025
Utilities
Power Production Count: 0, Water Included, Water Source: "Public"
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Sarah Manshel
Team Leader / Realtor
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