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804 & 812 W Cedar ct - 8 Units. Fully Leased. Income From Day One. 8,176 SF Flex Condo Unit Offered at $1,270,000 in Fruita, CO 81521
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1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 8 |
| Cap Rate | 6.83% |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.83% |
| No. Parking Spaces | 8 |
Description
Prime multifamily investment opportunity in Fruita! Conveniently located near schools, shopping, and Downtown Fruita, this property consists of two separate 4-unit buildings for a total of 8 units with no HOA. Each unit offers 2 bedrooms, 1 bath, approximately 1,022 sq ft, and in-unit washer/dryer hookups. All 8 units are currently leased, with seven units at $1,100 per month and one unit at $1,200 per month, providing $8,900 in current monthly gross rent. Gas and electric are individually metered and paid by the tenants, while the owner covers water, sewer, and trash. Property improvements include wood laminate flooring in six of the eight units, with the remaining two units featuring older carpet, and new water heaters in seven of the eight units. The roof was replaced approximately 11–12 years ago. A great opportunity to acquire an established, fully leased multifamily property in Fruita with existing rental income in place. The seller prefers to sell both buildings together but may consider selling individually with the right offer.
Sale Notes
Prime multifamily investment opportunity in Fruita! Conveniently located near schools, shopping, and Downtown Fruita, this property consists of two separate 4-unit buildings for a total of 8 units with no HOA. Each unit offers 2 bedrooms, 1 bath, approximately 1,022 sq ft, and in-unit washer/dryer hookups. All 8 units are currently leased, with seven units at $1,100 per month and one unit at $1,200 per month, providing $8,900 in current monthly gross rent. Gas and electric are individually metered and paid by the tenants, while the owner covers water, sewer, and trash. Property improvements include wood laminate flooring in six of the eight units, with the remaining two units featuring older carpet, and new water heaters in seven of the eight units. The roof was replaced approximately 11–12 years ago. A great opportunity to acquire an established, fully leased multifamily property in Fruita with existing rental income in place. The seller prefers to sell both buildings together but may consider selling individually with the right offer.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 & 2 | 8,176 SF | Flex | $1,270,000 ($155.33/SF) | $86,741 |
Unit 1 & 2
| Unit Size |
| 8,176 SF |
| Condo Use |
| Flex |
| Price |
| $1,270,000 ($155.33/SF) |
| NOI |
| $86,741 |
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Unit 1 & 2
| Unit Size | 8,176 SF |
| Condo Use | Flex |
| Price | $1,270,000 ($155.33/SF) |
| NOI | $86,741 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.83% |
| No. Parking Spaces | 8 |
| Description | |
| Prime multifamily investment opportunity in Fruita! Conveniently located near schools, shopping, and Downtown Fruita, this property consists of two separate 4-unit buildings for a total of 8 units with no HOA. Each unit offers 2 bedrooms, 1 bath, approximately 1,022 sq ft, and in-unit washer/dryer hookups. All 8 units are currently leased, with seven units at $1,100 per month and one unit at $1,200 per month, providing $8,900 in current monthly gross rent. Gas and electric are individually metered and paid by the tenants, while the owner covers water, sewer, and trash. Property improvements include wood laminate flooring in six of the eight units, with the remaining two units featuring older carpet, and new water heaters in seven of the eight units. The roof was replaced approximately 11–12 years ago. A great opportunity to acquire an established, fully leased multifamily property in Fruita with existing rental income in place. The seller prefers to sell both buildings together but may consider selling individually with the right offer. | |
| Sale Notes | |
| Prime multifamily investment opportunity in Fruita! Conveniently located near schools, shopping, and Downtown Fruita, this property consists of two separate 4-unit buildings for a total of 8 units with no HOA. Each unit offers 2 bedrooms, 1 bath, approximately 1,022 sq ft, and in-unit washer/dryer hookups. All 8 units are currently leased, with seven units at $1,100 per month and one unit at $1,200 per month, providing $8,900 in current monthly gross rent. Gas and electric are individually metered and paid by the tenants, while the owner covers water, sewer, and trash. Property improvements include wood laminate flooring in six of the eight units, with the remaining two units featuring older carpet, and new water heaters in seven of the eight units. The roof was replaced approximately 11–12 years ago. A great opportunity to acquire an established, fully leased multifamily property in Fruita with existing rental income in place. The seller prefers to sell both buildings together but may consider selling individually with the right offer. |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 8,176 SF | Year Built | 1995 |
| Property Type | Multifamily (Condo) | Lot Size | 0.19 AC |
| Floors | 2 | Parking Ratio | 0.98/1,000 SF |
| Typical Floor Size | 4,088 SF |
| Total Building Size | 8,176 SF |
| Property Type | Multifamily (Condo) |
| Floors | 2 |
| Typical Floor Size | 4,088 SF |
| Year Built | 1995 |
| Lot Size | 0.19 AC |
| Parking Ratio | 0.98/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,100 | 1,022 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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804 & 812 W Cedar ct - 8 Units. Fully Leased. Income From Day One.