1231 N 23rd St Grand Junction, CO 81501
Downtown Grand Junction Neighborhood
14
Beds
14
Baths
5,544
Sq Ft
10,019
Sq Ft Lot
Highlights
- Ranch Style House
- Forced Air Heating System
- Laundry Facilities
About This Home
As of December 2024100% OCCUPIED! This recently renovated 14-unit apartment complex is an excellent investment opportunity, featuring 14 brand-new studio apartments. Formerly an office complex, the building has been fully converted into high-quality residential units designed for modern, comfortable living. Each unit is currently leased at $1,100 per month, with tenants responsible for their own electricity. Projected to perform at a 7 CAP. The building is highly energy-efficient, with most systems powered by electricity, including brand-new mini-split HVAC systems installed throughout each unit. Solar panels help offset overall energy costs, making it even more efficient. A shared laundry room is available for tenant convenience, and the low-maintenance exterior ensures easy upkeep. The property also comes with a one-year warranty on all recent construction, offering added peace of mind for new ownership. This turn-key complex presents an ideal opportunity for investors seeking a modern, energy-efficient property with stable rental income. Call today to schedule a showing! Terms deemed reliable but not guaranteed, terms subject to change without notice.
Last Agent to Sell the Property
CENTURY 21 CAPROCK REAL ESTATE License #FA100031318 Listed on: 09/20/2024
Last Buyer's Agent
CENTURY 21 CAPROCK REAL ESTATE License #FA100031318 Listed on: 09/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $643
Year Built
- Built in 1977
Home Design
- Ranch Style House
- Side-by-Side
- Wood Frame Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 14 Bedrooms
- 14 Bathrooms
Schools
- Orchard Avenue Elementary School
- East Middle School
- Grand Junction High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating System
- Separate Meters
Additional Features
- Laminate Flooring
- Crawl Space
- 10,019 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 2945-124-26-004
Community Details
Overview
- 14 Units
- 5,544 Sq Ft Building
Amenities
- Laundry Facilities
Similar Homes in Grand Junction, CO
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Sold | $1,800,000 | 0.0% | $325 / Sq Ft |
| 11/01/2024 11/01/24 | Pending | -- | -- | -- |
| 09/20/2024 09/20/24 | For Sale | $1,800,000 | -- | $325 / Sq Ft |
Source: Grand Junction Area REALTOR® Association
Tax History Compared to Growth
Agents Affiliated with this Home
-
Rachel Justman
Seller's Agent in 2024
Rachel Justman
CENTURY 21 CAPROCK REAL ESTATE
(970) 615-0201
19 in this area
91 Total Sales
Map
Source: Grand Junction Area REALTOR® Association
MLS Number: 20244313
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Information is deemed reliable but not guaranteed.
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