600 N 22nd St - Apartments FOR SALE


Grand Junction, CO 81501
$1,400,000 USD
303-328-5208
600 N 22nd St, Grand Junction, CO for Sale
$1,400,000 USD
Apartments - FOR SALE
1/12
null | 8.1% Cap Rate

600 N 22nd St
Grand Junction, CO 81501


HIGHLIGHTS

  • Seller is offering attractive seller financing options.
  • Prime corner lot in an opportunity zone with excellent potential for future development.
  • Conveniently located 0.5 miles from the VA and 1 mile from Colorado Mesa University and Downtown Grand Junction.
  • Spacious 2 BR / 1 BA units with ample off-street parking and storage space.
  • Significant value-add opportunity through unit turns and cosmetic renovations.
  • Recent upgrades include a new roof.

OVERVIEW

MMG is please to present 600 N 22nd St, a 12 unit multifamily property located in Grand Junction, CO. » Seller is offering attractive seller financing options. » Prime corner lot in an opportunity zone with excellent potential for future development. » Conveniently located 0.5 miles from the VA and 1 mile from Colorado Mesa University and Downtown Grand Junction. » Spacious 2 BR / 1 BA units with ample off-street parking and storage space. » Significant value-add opportunity through unit turns and cosmetic renovations. » Recent upgrades include a new roof.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

12

PRICE/UNIT

$116,667

CAP RATE

8.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

-

APN/PARCEL ID

2945-131-16-004

ASK ABOUT THIS PROPERTY

303-328-5208

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303-328-5208

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