1231 N 23rd Street Grand Junction, CO 81501
This recently renovated 14-unit apartment complex is an excellent investment opportunity, featuring 14 brand-new studio apartments. Formerly an office complex, the building has been fully converted into high-quality residential units designed for modern, comfortable living. Each unit is currently leased at $1, 100 per month, with tenants responsible for their own electricity. Projected to perform at a 7 CAP. The building is highly energy-efficient, with most systems powered by electricity, including brand-new mini-split HVAC systems installed throughout each unit. Solar panels help offset overall energy costs, making it even more efficient. A shared laundry room is available for tenant convenience, and the low-maintenance exterior ensures easy upkeep. Twelve of the 14 units have signed new 12-month leases, and the building is expected to reach full occupancy soon. The property also comes with a one-year warranty on all recent construction, offering added peace of mind for new ownership. This turn-key complex presents an ideal opportunity for investors seeking a modern, energy-efficient property with stable rental income. Call today to schedule a showing! Terms deemed reliable but not guaranteed, terms subject to change without notice.
- Property TypeMulti-Family
- NeighborhoodUnknown
- CountyMesa
- Taxes$10,107
- HOA/Condo/Coop Fees$0
- Days on Site28 Days
- MLS StatusActive
- MLS ID Number20244313
- Home Size Source N/A
- Year Built1977
- Lot Size0.23 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style OtherRanchSee Remarks
- Construction OtherSee Remarks
- Basement Crawl Space
- Acreage 0.23
- Water Public
- Zoning MU-2
- Property Sub Type Multi Family
- Direction Faces South
Interior Features
- Cooling Central Air
- Heating Forced Air
- Appliances Electric OvenElectric RangeRefrigerator
- Flooring Laminate
- Interior OtherSee Remarks
- Fireplace No
Exterior Features
- Roof AsphaltComposition
- Exterior OtherSee Remarks
- Lot NoneOtherSee Remarks
- Patio And Porch None
- Road Frontage City Street
Community Features
- Association Amenities None
- MLS Area Grand Junction City