1270 Walnut Avenue new Save Request In-Person Tour Request Virtual Tour
Grand Junction,CO 81507
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,556 sqft
Price per Sqft $205
MLS Listing ID 20254480
Style Ranch,Fourplex
Bedrooms 5
HOA Y/N false
Year Built 1965
Annual Tax Amount $2,405
Tax Year 2025
Acres 0.21
Lot Dimensions 60' x 150'
Property Sub-Type Quadruplex
Property Description
Nice 4-plex located near Colorado Mesa University! Units A, B, and C are one bedroom an one bath units. Unit D is a stand alone building with two bedrooms and one bathroom. Unit B has new carpet. This fourplex offers strong value-add opportunities for an investor seeking immediate cash flow and future upside. The property is currently stabilized with consistent occupancy with some units below market rent levels, allowing room for income growth. Property is zoned RH-24 to allow for future development into high density multifamily options. Property can be combined with 1290 Walnut Avenue which is a stand alone investment residence with a single tenant for $450,000 or combined offering of $975,000.
Location
State CO
County Mesa
Area Grand Junction City
Direction From 12th Street East on Walnut. Property is on left.
Rooms
Basement Crawl Space
Interior
Interior Features None
Heating Baseboard
Cooling Evaporative Cooling
Flooring Carpet
Fireplaces Type Other,See Remarks
Appliance Dryer,Dishwasher,Electric Oven,Electric Range,Disposal,Refrigerator,Washer
Laundry Washer Hookup,Dryer Hookup
Exterior
Exterior Feature None
Amenities Available None
Roof Type Asphalt,Composition
Present Use Multi-Family
Handicap Access None
Porch None
Building
Lot Description Landscaped
Faces South
Story 1
Sewer Connected
Water Public
Level or Stories One
Structure Type Brick,Vinyl Siding,Wood Frame
Schools
Elementary Schools Tope
Middle Schools West
High Schools Grand Junction
Others
HOA Fee Include None
Tax ID BEG 120FT W OF SE CO