Investment opportunity! Beautiful brick eight unit building convenient to services! Six of the units are leased on annually renewing leases and two of the units have been used by the owners for air b n b purposes. Reach out to schedule your showing for this income producing property today! Gross cap rate over 10%. Seven units are 2 beds, 1 bath. One unit is 1 bed, 1 bath.
Sold for $948,500
$948,500
540 29th Rd, Grand Junction, CO 81504
15beds
8baths
5,880sqft
Multi Family
Built in 1979
-- sqft lot
$1,051,700 Zestimate®
$161/sqft
$1,229 Estimated rent
Home value
$1,051,700
$936,000 - $1.18M
$1,229/mo
Zestimate® history
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$1,229/mo
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$5,162/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: April 01, 2024 at 10:48am
Listed by:
REBEKAH MENDROP 970-210-8747,
RE/MAX 4000, INC
Bought with:
RACHEL JUSTMAN
CENTURY 21 CAPROCK REAL ESTATE
Source: GJARA,MLS#: 20240357
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
Heating
- Baseboard
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Refrigerator
Features
- Flooring: Carpet, Laminate, Luxury Vinyl, Luxury VinylPlank
- Basement: Other,See Remarks
- Has fireplace: No
Interior area
- Total structure area: 5,880
- Total interior livable area: 5,880 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: None
Lot
- Size: 0.45 Acres
- Dimensions: 141 x 140
- Features: Corner Lot, Landscaped
Details
- Parcel number: 294308301019
- Zoning description: RES
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Brick, Other, See Remarks, Wood Siding, Wood Frame
- Roof: Asphalt,Composition
Condition
- Year built: 1979
Utilities & green energy
- Sewer: Connected
- Water: Public
Green energy
- Indoor air quality: Low VOC Paint/Materials
Community & neighborhood
Location
- Region: Grand Junction
- Subdivision: Formay
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/29/2024 | Sold | $948,500$161/sqft |
Source: GJARA #20240357 Report a problem | ||
| 2/2/2024 | Pending sale | $948,500$161/sqft |
Source: GJARA #20240357 Report a problem | ||
| 1/31/2024 | Listed for sale | $948,500+74%$161/sqft |
Source: GJARA #20240357 Report a problem | ||
| 4/26/2006 | Sold | $545,000+82%$93/sqft |
Source: Public Record Report a problem | ||
| 9/9/1999 | Sold | $299,500$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,648 +0.6% | $67,110 +22.9% |
| 2024 | $3,627 +21.8% | $54,620 |
| 2023 | $2,978 +0.3% | $54,620 +35.2% |
Find assessor info on the county website
Neighborhood: 81504
Nearby schools
GreatSchools rating
- 2/10Nisley Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Bookcliff Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Central High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Nisley
- Middle: Bookcliff
- 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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- Colorado
- Mesa County
- Grand Junction
- 81504
- 540 29th Rd