Historic Spanish Colonial Revival apartment building in downtown Grand Junction. The building has undergone numerous renovations in the last 15 years: lifetime guarantee paint on the exterior, new windows, new sewer line, new furnace-improvements too numerous to list here. Four spacious 1 bd/1bath apartments (700 sq. ft.) and one efficiency gardent unit. Includes all appliances and community washer/dryer in the basement. Basement also includes 3 storage areas that can be rented by tenants or used by owner. Back yard is landscaped and serves as a common area for tenants to bbq or entertain guests. Tenants have designated finished parking space in back with secured entry. So much potential for this property! Location would ensure successful air bnb conversion and/or building additional units with the city's objective for denser population in established urban areas. I have had 0 vacancy rate in last 5 years. Serious investors only please! Selling as-is based on major improvements already completed. Time to pass the cash flow torch to a younger investor!
Off market
Zestimate®
$540,700
350 Gunnison Ave, Grand Junction, CO 81501
5beds
3,008sqft
MultiFamily
Built in 1925
-- sqft lot
$540,700 Zestimate®
$180/sqft
$1,762 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced air
Cooling
- Wall
Appliances
- Included: Dryer, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Hardwood
- Basement: Partially finished
Interior area
- Total interior livable area: 3,008 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Garage - Detached
Features
- Exterior features: Stucco
- Has view: Yes
- View description: City
Lot
- Size: 5,000 sqft
Details
- Parcel number: 294514222009
Construction
Type & style
- Home type: MultiFamily
Materials
- masonry
- Roof: Other
Condition
- Year built: 1925
Community & neighborhood
Location
- Region: Grand Junction