558 Garfield Drive, Grand Junction, CO 81504
- $650,000
- 8
- BD
- 4
- BA
- 3,824
- SqFt
- List Price
- $650,000
- Days on Market
- 23
- Status
- ACTIVE
- MLS#
- 20264170
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,824
- Lot Size (Acres)
- 0.25
- Style
- Two Story, Fourplex
- Year Built
- 1981
Property Description
Excellent multifamily investment opportunity with four units and strong potential for increased rental income. Units 1 and 4 have been updated with LVP flooring and fresh paint, while Units 2 and 3 are occupied by long-term tenants, providing stable rental history. With updated units already positioned for the market and potential to increase rents over time, this property offers investors an opportunity for both immediate income and future growth. A great addition to any investment portfolio with upside through thoughtful management and rental-rate adjustments. Current cap rate of 6.5%.
Additional Information
- Area
- NE Grand Junction
- Subdivision
- Bookcliff Terra
- Taxes
- $2,391
- Stories
- 2
- Interior Features
- None
- Amenities
- None
- Fireplace Description
- Other, See Remarks
- Flooring
- Carpet, Linoleum, Luxury Vinyl, Luxury Vinyl Plank
- Exterior Features
- None
- Heating
- Forced Air, Natural Gas
- Cooling
- Evaporative Cooling
- Water
- Public
- Sewer
- Connected
- Elementary School
- Fruitvale
- Middle School
- Bookcliff
- High School
- Central
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Listing courtesy of MOUNTAIN VALLEY REAL ESTATE.
