104 White Ave - Apartments FOR SALE


Grand Junction, CO 81501
$5,395,000 USD
908-418-1799
104 White Ave, Grand Junction, CO for Sale
$5,395,000 USD
Apartments - FOR SALE
1/21
null | 6.34% Cap Rate

104 White Ave
Grand Junction, CO 81501


HIGHLIGHTS

  • Prime Downtown Grand Junction Location
  • Fully Renovated, Turn-Key Condition – Zero CapEx Required
  • Modern Interiors with Upgraded Kitchens, Bathrooms & A/C in Every Unit
  • Private Patios, Communal Outdoor Space & On-Site Off- Street Parking
  • Operational Upside Through Rent Stabilization and Utility Bill-Back Program

OVERVIEW

MMG Real Estate Advisors is pleased to present 104 White Ave, a fully renovated multifamily property located in the heart of Grand Junction. Just steps from Main Street, residents enjoy walkable access to local restaurants, bars, and boutique retailers, with national brands such as Home Depot, Lowe’s, and Safeway nearby. The property has undergone extensive capital improvements, including new windows, roof, updated electrical, and fully renovated interiors, eliminating the need for near-term capital expenditures. Offering operational upside through rent stabilization and utility bill-back implementation, 104 White Ave is a rare opportunity to acquire a turn-key asset in a growing Western Slope market.

FOR SALE DETAILS

PRICE

$5,395,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

45

PRICE/UNIT

$119,889

CAP RATE

6.34%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

104 White Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,999 SF

ZONING

B-2

APN/PARCEL ID

R063849

ASK ABOUT THIS PROPERTY

908-418-1799

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908-418-1799

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