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: 149 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

    Contact

    Amy Lassen

    Realtor

    RE/MAX PROPERTIES, INC

    Cell: 719-440-0013

    Neighborhood

    81504 (Grand Junction) Demographics

    36Median Age
    2,517Population Density (per sq. mile)
    29%College Educated
    $51,979Estimated Median Income
    8,289Estimated Total Home Owners
    3,157Estimated Total Renters
    72% / 28%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    28,478Total Population

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    $0 Median Sales Price
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    39 New On Market

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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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