$679,500
$679,500
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6 Beds
4 Baths
2,561 SqFt
SOLD DATE : 10/20/2023
Key Details
Sold Price $679,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,561 sqft
Price per Sqft $265
Subdivision N W Smith Add
MLS Listing ID 20233034
Sold Date 10/20/23
Style Ranch,Two Story
Bedrooms 6
HOA Y/N false
Year Built 2022
Annual Tax Amount $1,709
Tax Year 2022
Lot Dimensions 60x120
Property Sub-Type Multi Family
Property Description
.2 miles from CMU this property includes 2 fully furnished detached homes and shed. The house in the rear, addressed as 1392 Pinyon, is a newly built and modern loft house, the house up front addressed as 1390 Pinyon is a fully renovated bungalow. Built to code under permit and Co'ed. The houses command high gross income in the summer as vacation rentals consistently rated 5 stars on vacation rental sites. Currently licensed by city as vacation rentals with up to 12 occupants. Due to their proximity to CMU and generous number of bathrooms and vanities the houses are in high demand with students and currently leased through May 2024. Gross income $4380/mo yielding a solid 6 cap at list price. Both homes were built with durable low maintenance finishes. Stucco exterior, metal roof, tiled baths Houses have new kitchen appliances, central air and heat, full laundry rooms, generous covered patios. The loft house is a 2 story with garden level basement and huge 24x6.5 trex deck, Exterior yard up front, back Xeriscaped. Automated sprinklers and drip irrigation. Owner is licensed real estate agent in Colorado.
Location
State CO
County Mesa
Area Grand Junction City
Direction Heading North on 12th Street past orchard, take right on Pinyon, Park at 1390 Pinyon in front of bungalow (1390 Pinyon) walk to the back to the 4BR Loft house in back. Do not park in driveway or block tenants.
Rooms
Basement Full, Finished, Other, Concrete, See Remarks
Interior
Interior Features Ceiling Fan(s), Laminate Counters, Pantry, Programmable Thermostat
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Luxury Vinyl Plank, Tile, Wood
Fireplace false
Window Features Low-Emissivity Windows,Window Coverings
Appliance Dryer, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
Exterior
Exterior Feature Shed, Sprinkler/Irrigation
Amenities Available None
Roof Type Metal
Present Use Mixed Use
Street Surface Concrete,Gravel
Handicap Access None
Porch Covered, Deck, Patio
Building
Lot Description Sprinklers In Rear, Sprinklers In Front, Landscaped, Sprinkler System, Xeriscape
Story 2
Foundation Basement, Stem Wall
Sewer Connected
Water Public
Level or Stories Two
Additional Building Shed(s)
Structure Type Other,See Remarks,Stucco
Schools
Elementary Schools Orchard Avenue
Middle Schools West
High Schools Grand Junction
Others
HOA Fee Include None
Tax ID 2945-122-03-016
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131 N 6th Street STE 200, Grand Junction, Colorado, 81501, USA