1534 Poplar Dr - Apartments FOR SALE


Grand Junction, CO 81505
$1,485,000 USD
970-986-0446
1534 Poplar Dr, Grand Junction, CO for Sale
$1,485,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1534 Poplar Dr
Grand Junction, CO 81505


OVERVIEW

This bulk offering includes four modern townhome units located at 1522, 1534, 1546, and 1558 Poplar Drive—an excellent opportunity to acquire a stabilized, income-producing asset in a strong rental market. Built in 2017, each unit offers a spacious and contemporary floor plan featuring an open-concept kitchen, living, and dining area with a convenient half-bath on the main level. The top floor includes three bedrooms and two full bathrooms. Includes refrigerators, ranges, dishwashers, microwaves, and in-unit washers and dryers, making these homes highly attractive to renters. Each unit also features an oversized one-car garage on the ground level, private balconies, and stunning views from the bedrooms, enhancing overall tenant satisfaction and retention. The location offers convenient access to shopping, dining, schools, and major transportation corridors. With all units currently leased, this property offers immediate cash flow and long-term rental upside in a desirable residential neighborhood.

FOR SALE DETAILS

PRICE

$1,485,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

4

PRICE/UNIT

$371,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,211 SF

ZONING

-

APN/PARCEL ID

2945-104-40-003

ASK ABOUT THIS PROPERTY

Brian BrayBray Real Estate-CommercialMore Info
970-986-0446

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Brian BrayBray Real Estate-CommercialMore Info
970-986-0446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.