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541 29 1/2 Rd
Grand Junction, CO 81504
Peak 72 · Multifamily Property For Sale
·
72 Units
Property Facts
| No. Units | 72 | Lot Size | 4.06 AC |
| Property Type | Multifamily | Building Size | 53,512 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1975/1980 |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 4.06 AC |
| Building Size | 53,512 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/1980 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Range
- Tub/Shower
- Window Coverings
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Walking/Biking Trails
- Bicycle Storage
- Maintenance on site
About 541 29 1/2 RD , GRAND JUNCTION, CO 81504
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-deposit of rent. Very clean, well maintained. Unusual find.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $625.00 | - |
| 2+1 | 52 | $725.00 | - |
| 3+1 | 2 | $775.00 | - |
Property Taxes
| Parcel Number | 2943-083-00-083 | Improvements Assessment | $341,630 |
| Land Assessment | $26,530 | Total Assessment | $368,160 |
Property Taxes
