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2863 Elm Avenue

Grand Junction, CO 81501
  • $699,000
  • STATUS: Active Under Contract
  • ON SITE: 13 Days
  • MLS #: 20252011
Under Contract
UPDATED: 70 min ago
$699,000
  • 11
    BEDS
  • 0.5
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 3,890
    SQFT
  • $180
    $/SQFT
Neighborhood:
Area 12 M&B
Type:
Multi-Family
Built:
2003
County:
Mesa
Area:
Grand Junction City

School Information

Elementary School:
Nisley
Middle School:
Bookcliff
High School:
Central
School Ratings & Info

Description

Perfect investment property in this fully leased 4-unit property. Property features a multi-unit building with three 3-bedroom, 2-bathroom units in good condition, plus a separate 2-bedroom, 1-bathroom single-family home. Two of the three triplex units have been recently updated. Single-family home was built in 1948 and could be replaced with a larger modern unit for either owner/occupant or a unit with higher income potential. CAP Rate just under 6%. Financial information is available.Triplex photos are from Unit "C".

Monthly Payment Calculator

© 2025 Grand Junction MLS. All Rights Reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Rock Real Estate. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Rock Real Estate. Data last updated 2025-05-16T22:15:23.59 UTC.

www.gjrealestatedevelopment.com/homes/163305292
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2863 Elm Avenue Grand Junction, CO 81501

  • Price: $699,000
  • Status: Active Under Contract
  • On Site: 13 Days
  • Updated: 70 min ago
  • MLS #: 20252011
11
Beds
7
Baths
0
½ Baths
0.5
Acres
3,890
SQFT
$180
$/SQFT
2003
Built
Neighborhood:
Area 12 M&B
County:
Mesa
Area:
Grand Junction City
Elementary School:
Nisley
Middle School:
Bookcliff
High School:
Central
Property Description
Perfect investment property in this fully leased 4-unit property. Property features a multi-unit building with three 3-bedroom, 2-bathroom units in good condition, plus a separate 2-bedroom, 1-bathroom single-family home. Two of the three triplex units have been recently updated. Single-family home was built in 1948 and could be replaced with a larger modern unit for either owner/occupant or a unit with higher income potential. CAP Rate just under 6%. Financial information is available.Triplex photos are from Unit "C".
Exterior Features

Architectural Style Ranch Two Story Fourplex Construction Materials Masonite Wood Siding Wood Frame Direction Faces West Exterior Features Shed Levels Two Lot Features Landscaped Lot Size Dimensions 72'x300' Other Structures Shed(s) Patio And Porch Features None Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Composition

Interior Features

Appliances Dryer Dishwasher Electric Oven Electric Range Disposal Microwave Refrigerator Washer Cooling Central Air Evaporative Cooling Cooling YN Yes Flooring Carpet Vinyl Foundation Details Slab Heating Forced Air Natural Gas Heating YN Yes Interior Features Window Treatments Window Features Window Coverings

Property Features

Accessibility Features None Association Amenities None Association Fee Includes None Association YN No Current Use Multi- Family Elevation 4600 Land Lease YN No Property Sub Type Quadruplex Sewer Connected Tax Annual Amount 2753.48 Tax Year 2024 Water Source Public Year Built Effective 2022 Zoning Description RMF

Listing courtesy of John Duffy of BRAY REAL ESTATE: 970-242-3647.
© 2025 Grand Junction MLS. All Rights Reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Rock Real Estate. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Rock Real Estate. Data last updated 2025-05-16T22:15:23.59 UTC.

 
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Red Rock Real Estate
794 25 3/4 Rd
Grand Junction CO, 81505