2045 Bunting Ave - Apartments FOR SALE


Grand Junction, CO 81501
$739,000 USD
970-778-0796
2045 Bunting Ave, Grand Junction, CO for Sale
$739,000 USD
Apartments - FOR SALE
1/18
null | 7.31% Cap Rate

2045 Bunting Ave
Grand Junction, CO 81501


OVERVIEW

4plex located in the heart of town less than 1/2 mile away from CMU. Fully leased with a current cap rate of 7.31%, and a pro-forma cap rate of 8.22+%. Separate storage building included with 5 storage units, one for each tenant and one for owner/maintenance. Each tenant has their own fenced yard space, private laundry services for washer/dryers, and plenty of parking on the property. Gas/Electric separately metered. New exterior paint, all new showers throughout, and 2 of the 4 units have been fully remodeled in the last couple of years, including all new paint, flooring, fixtures, vanities, showers, countertops, etc. Units have been rented within days of going vacant for the time owner has had it - low inventory for this product in this location. Located close to new car wash that was just built on North Avenue.

FOR SALE DETAILS

PRICE

$739,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

4

PRICE/UNIT

$184,750

CAP RATE

7.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

2945-124-25-011

ASK ABOUT THIS PROPERTY

Kyle SerranoVenture GroupMore Info
970-778-0796

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Kyle SerranoVenture GroupMore Info
970-778-0796

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.