Homes for sale - 407, 421, 422 29th ST, Denver, CO 80205

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Jason Shiri

team@cohomesold.com +1(720) 490-7720

$6,500,000

Est. payment - /mo

22,996 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,996 sqft

Price per Sqft $282

MLS Listing ID 6482809

HOA Y/N No

Year Built 1929

Annual Tax Amount $43,488

Tax Year 2025

Lot Size 0.395 Acres

Acres 0.4

Property Sub-Type Multi Family

Source recolorado

Property Description

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 updated within the last decade. The diverse unit mix includes one-, two-, and three-bedroom layouts, providing broad market appeal. Property renovations are extensive, featuring new windows, modern flooring, contemporary paint, and designer lighting. Furthermore, every kitchen has been upgraded with granite countertops, newer cabinetry, and stainless-steel appliances (with dishwashers in select units). Enhancing operational efficiency, all 34 units are individually metered for both gas and electric. The core advantage remains the debt assumption: a 4.26% fixed-rate, interest-only loan offers an immediate, profound financial benefit, reducing debt service and substantially increasing cash flow compared to current conventional financing. This rare combination of a fully updated physical asset, minimal CapEx exposure, and below-market debt positions The Flats on 29th as a prime investment ready for long-term growth. ASSUMABLE FINANCING AT 4.26%, INTEREST ONLY, THROUGH 2029. INDIVIDUALLY METERED FOR GAS AND ELECTRIC. INTERIOR UPDATES INCLUDING: NEWER KITCHENS WITH GRANITE COUNTERTOPS. UPDATED CABINETS AND STAINLESS-STEEL
APPLIANCES. UPDATED BATHROOMS WITH TUBS AND DIVERTERS/ TILE SURROUNDS/ALL PLUMBING FIXTURES. NEW EXTERIOR PAINT / CARPETING IN BEDROOMS & WOOD LAMINATE IN LIVING AREAS. 2 BLOCKS TO THE LIGHT RAIL/ DOWNTOWN VIEWS. LOCATED IN DENVER'S HISTORIC FIVE POINTS NEIGHBORHOOD, WITH EASY ACCESS TO RINO ART DISTRICT, DOWNTOWN DENVER AND THE LIGHT RAIL

Location

State CO

County Denver

Interior

Fireplace N

Exterior

Garage No

Building

Sewer Public Sewer

Water Public

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Listed by Pinnacle Real Estate Advisors

Q U I C K S E A R C H

407, 421, 422 29th ST Denver, CO 80205