$319,000

744 Colorado Avenue

Grand Junction CO, 81501

Description

744 & 746 Colorado Ave: a DOWNTOWN DUPLEX with old-school charm! 746 has been refreshed with fresh paint, & ready to rent! 744 is being updated by seller & should be done by end of March. Live in one side and rent out the other--or rent out both! Each unit is 2-bed, 1-bath, with separate gas & electric meters, water heaters, and heaters. Fencing's been added out back to accommodate separate yards for each tenant. Underneath, Foundation Repair added power braces to address the cracks in the foundation wall. Zoning could allow the garage to be transformed into an ADU. 746 is currently listed with Real Property Management Now for rent at $1200 with a small pet allowed. Once both sides are rented, cap rate will be 7-8%. Rent short- or long-term! Invest in your future income today! All information herein is deemed reliable but not guaranteed. Broker is related to Seller.

Details

MLS#20201171
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site31

Features

SQ Feet2,360
Units2

Market Activity 81501

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Area Information

StateCO
CityGrand Junction
Zip Code81501
AreaGrand Junction City
Listing VS Median (in 81501)
Price:
$319,000
low | high
Med:
$219,900
81.065830721003% of Average
SqFt:
2,360
low | high
Med:
1,240
97.457627118644% of Average
$ / SqFt:
$135
low | high
Med:
$177
18.735780354931% of Average
On Site:
31
low | high
Med:
30
100% of Average
Listing Updated: 04/09/2020
MLS Number: 20201171
Listing Provided By:
TAMMY BENDETTI  of  EXP REALTY LLC

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.