1. Colorado
  2. Grand Junction
  3. 2863 Elm Avenue
$699,000

2863 Elm Avenue, Grand Junction, CO 81501

  • 11 beds |
  • 7 baths |
  • 3,890 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2003
  • Property Lot Size Icon0.5acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $180/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

Perfect investment property in this fully leased 4-unit property. Property features a multi-unit building with three 3-bedroom, 2-bathroom units in good condition, plus a separate 2-bedroom, 1-bathroom single-family home. Two of the three triplex units have been recently updated. Single-family home was built in 1948 and could be replaced with a larger modern unit for either owner/occupant or a unit with higher income potential. CAP Rate just under 6%. Financial information is available.Triplex photos are from Unit "C".

Listing Status:
Pending
Date Added:
April 28, 2025 at 05:00AM
Listing Office:
BRAY REAL ESTATE : 970-242-3647
Listing Agent:
JOHN DUFFY : 970-234-4830
MLS ID:
20252011

This listing courtesy of JOHN DUFFY, BRAY REAL ESTATE

Location

Schools Nearby

N

Nisley Elementary School

543 28 3/4 Rd, Grand Junction, CO, 81501

Grades PK-5

0.20 miles away

B

Bookcliff Middle School

2935 Orchard Ave, Grand Junction, CO, 81504

Grades 6-8

0.70 miles away

R

R-5 High School

455 N 22nd St Ste B, Grand Junction, CO, 81501

Grades 9-12

1.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.