501 Independent Avenue, Grand Junction, CO 81505
- $2,900,000
- 33
- BD
- 23
- BA
- 17,259
- SqFt
- List Price
- $2,900,000
- Days on Market
- 88
- Status
- ACTIVE
- MLS#
- 20262136
- Bedrooms
- 33
- Bathrooms
- 23
- Living Area
- 17,259
- Lot Size (Acres)
- 0.16
- Style
- Two Story
- Year Built
- 2001
Property Description
Rare investment opportunity. This apartment complex is centrally located with 12 units (nine 3bed/2bath and three 2bed/2bath units) all with attached garage spaces. This complex boasts several upsides including new siding, roofing, stairs, fire sprinkler systems and improved insulation. Very low maintenance and almost ZERO vacancy. Rents are going up through attrition and units are typically rented prior to changing from one tenant to another. This property also has potential to add another 4 plex with excellent views. All units have washer/dryer hookups and long term projected maintenance expense is very low. All units include an electric range oven, refrigerator and dishwasher. NOI expected to increase by $8k-$9k in 2027. All information deemed reliable, buyer to verify.
Additional Information
- Area
- Grand Junction City
- Subdivision
- Area 15 Merchand
- Taxes
- $7,513
- Stories
- 2
- Interior Features
- None, Window Treatments
- Amenities
- None
- Flooring
- Carpet
- Exterior Features
- None
- Heating
- Baseboard, Hot Water, Natural Gas
- Cooling
- Evaporative Cooling
- Water
- Public
- Sewer
- Connected
- Elementary School
- Pomona
- Middle School
- West
- High School
- Grand Junction
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Listing courtesy of RE/MAX 4000, INC.
