Bedrooms
Baths
Min Price
Max Price

Contact Us







* fields are required
Back to Saved Search
Listing 1 out of 500
$5,100,000 For Sale

541 29 1/2 Road
Grand Junction, CO 81504

72 units | Multi Family Home - MLS# 20184860
Property Photo
1/13

Description

Great VALUE ADD opportunity to own this 72 unit apartment complex on 4.06 acres. Orig. built in '78, professionally maintained & updated. Units stay full except for brief period between tenants to paint & clean. Pet free, smoke free. Tenants pay electric (individually metered), landlord covers water, sewer, trash & gas. 4 coin-op washers, 4 coin-op dryers. Backs to Bookcliff Middle School track & field plus large open green space in center of buildings. POTENTIAL TO ADD INCOME PRODUCING BUILDING ON VACANT 1 ACRE ON WEST SIDE OF LOT. Two 3 bed units at $775, Fifty two 2 beds at 700 & 725, eighteen 1 beds at 625. Net monthly income at $30,000 plus coin op laundry. Approx. 75% are section 8 with auto-deposit of rent. Very clean, well maintained. Unusual find. A Non-Disclosure Agreement (in additional documents) is required to release financials.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartments
  • Listing Status: Active
  • County/Area: Mesa County
  • Zip Code: 81504
  • Year Built: 1975
  • Sq.Ft.: 50,816 sq ft
  • Units: 72 units
  • Bedrooms: 128
  • Full Baths: 72
  • Baths: 72 baths
  • Area: NE Grand Junction
  • Sewer: Sewer Installed
Courtesy of Re/Max 4000, Inc


Guido Schulte | 970-250-1162 | Email Me
817 Falcon Way, Suite 212 - Grand Junction, CO 81506
Copyright © 2017, All Rights Reserved

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu