541 29 1/2 Road $5,100,000

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    541 29 1/2 Road Grand Junction, CO 81504

    • 0 Beds
    • 72 Baths
    • 0 sq.ft.
    • Multi-Family
    MLS# 20184860 | Active

    $5,100,000

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    Days On Market: 145 6 Views
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    Property Details

    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. 5 coin-op washers, 5 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. 3 POTENTIAL ADDITIONAL UNITS AVAILABLE FOR RENT (currently used for book keeping office and two for shop space). Room to increase even the section 8 rents. Two 3 bed units at $775, Fifty two 2 beds at 700 & 725, eighteen 1 beds at 625. Net monthly income at $24,810 plus coin op laundry (added back owner's debt and pay). Approx. 75% are section 8 with auto-dep

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    The Lana Rodriguez Group

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    RE/MAX PROPERTIES, INC

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    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $5,100,000
    12/14/2018 3:29:00 PM Status Changed Source New Value: Active
    12/3/2018 1:29:03 PM Status Changed Source New Value: Taking Back up Offers
    10/24/2018 11:29:06 AM Status Changed Source New Value: Active
    10/10/2018 1:29:08 PM Status Changed Source New Value: UC-Contingent or TBO
    8/27/2018 11:30:00 AM New in Database Source

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