Grand Junction, CO 81507,1270 Walnut Avenue
Grand Junction, CO 81507,1270 Walnut Avenue
Grand Junction, CO 81507,1270 Walnut Avenue
Grand Junction, CO 81507,1270 Walnut Avenue
Grand Junction, CO 81507,1270 Walnut Avenue
Grand Junction, CO 81507,1270 Walnut Avenue
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Clayton Smith

Clayton Smith

Coldwell Banker Distinctive Properties

+1(970) 683-8595
$ 525,000
Est. payment | /mo

5 Beds

4 Baths

2,556 SqFt


Save
$ 525,000
Est. payment | /mo
Save

5 Beds

4 Baths

2,556 SqFt

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

Listed by VENTURE GROUP
Clayton Smith

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 683-8595

clayton@claytonsellsgj.com

131 N 6th Street STE 200, Grand Junction, Colorado, 81501, USA

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1270 Walnut Avenue