804 & 812 W Cedar ct - Multi-Family CONDO FOR SALE


Fruita, CO 81521
$1,270,000 USD
970-250-3844
804 & 812 W Cedar ct, Fruita, CO for Sale
$1,270,000 USD
Multi-Family CONDO - FOR SALE
1/86
null | 6.83% Cap Rate

804 & 812 W Cedar ct
Fruita, CO 81521


OVERVIEW

Prime multifamily investment opportunity in Fruita! Conveniently located near schools, shopping, and Downtown Fruita, this property consists of two separate 4-unit buildings for a total of 8 units with no HOA. Each unit offers 2 bedrooms, 1 bath, approximately 1,022 sq ft, and in-unit washer/dryer hookups. All 8 units are currently leased, with seven units at $1,100 per month and one unit at $1,200 per month, providing $8,900 in current monthly gross rent. Gas and electric are individually metered and paid by the tenants, while the owner covers water, sewer, and trash. Property improvements include wood laminate flooring in six of the eight units, with the remaining two units featuring older carpet, and new water heaters in seven of the eight units. The roof was replaced approximately 11–12 years ago. A great opportunity to acquire an established, fully leased multifamily property in Fruita with existing rental income in place. The seller prefers to sell both buildings together but may consider selling individually with the right offer.

FOR SALE DETAILS

PRICE

$1,270,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

6.83%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

8 Units. Fully Leased. Income From Day One.

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

8,176 SF

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,399 SF

ZONING

-

APN/PARCEL ID

2697-174-33-001,2697-174-33-002

ASK ABOUT THIS PROPERTY

Danny KutaRE/MAX 4000 Inc.More Info
970-250-3844

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Danny KutaRE/MAX 4000 Inc.More Info
970-250-3844

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