Fully leased fourplex in good condition! This property has long term tenants that want to stay in the property. The sellers have maintained all systems during their ownership. Gross Cap Rate is 8.9%. If you're sick of losing money in the stock market, put some cash into this investment property and see how your money can make you money!
Sold for $425,000 on 04/04/23
$425,000
487 1/2 32nd Rd, Grand Junction, CO 81520
8beds
6baths
4,352sqft
Quadruplex, Multi Family, Multi Family
Built in 1982
-- sqft lot
$539,900 Zestimate®
$98/sqft
$1,523 Estimated rent
Home value
$539,900
$497,000 - $588,000
$1,523/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 04, 2023 at 03:10pm
Listed by:
REBEKAH MENDROP 970-210-8747,
RE/MAX 4000, INC
Bought with:
REBEKAH MENDROP
RE/MAX 4000, INC
Source: GJARA,MLS#: 20230467
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Heating
- Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Refrigerator
Features
- None
- Flooring: Carpet, Laminate, Linoleum
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 4,352
- Total interior livable area: 4,352 sqft
Property
Parking
- Parking features: Guest
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: Other, Shed, See Remarks
Lot
- Size: 0.30 Acres
- Dimensions: 76 x 170
- Features: None
Details
- Additional structures: Shed(s)
- Parcel number: 294315125005
- Zoning description: Multi-family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story,Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Wood Siding, Wood Frame
- Roof: Asphalt,Composition
Condition
- Year built: 1982
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & neighborhood
Location
- Region: Grand Junction
- Subdivision: Lenard Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2023 | Sold | $425,000-3.4%$98/sqft |
Source: GJARA #20230467 Report a problem | ||
| 2/10/2023 | Pending sale | $440,000$101/sqft |
Source: GJARA #20230467 Report a problem | ||
| 2/3/2023 | Listed for sale | $440,000+57.7%$101/sqft |
Source: GJARA #20230467 Report a problem | ||
| 4/20/2011 | Sold | $279,000-2.4%$64/sqft |
Source: Public Record Report a problem | ||
| 10/8/2010 | Listed for sale | $286,000+9%$66/sqft |
Source: Systems Engineering, Inc. #649353 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,618 +0.6% | $29,930 +16.4% |
| 2024 | $1,609 +5.7% | $25,710 |
| 2023 | $1,522 -2.6% | $25,710 +27.9% |
Find assessor info on the county website
Neighborhood: 81520
Nearby schools
GreatSchools rating
- 4/10Fruitvale Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 2/10Grand Mesa Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Central High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Chatfield
- Middle: Grand Mesa
- High: Central
Source: GJARA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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