BEDS8
BATHS
SQUARE FEET3,824
MLS#20264170
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBookcliff Terra
Property Description
Excellent multifamily investment opportunity with four units and strong potential for increased rental income. Units 1 and 4 have been updated with LVP flooring and fresh paint, while Units 2 and 3 are occupied by long-term tenants, providing stable rental history. With updated units already positioned for the market and potential to increase rents over time, this property offers investors an opportunity for both immediate income and future growth. A great addition to any investment portfolio with upside through thoughtful management and rental-rate adjustments. Current cap rate of 6.5%.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: Evaporative Cooling
Heating: Forced Air, Natural Gas
Home Style: Two Story, Fourplex
Lot Size: 0.25 Acres
Roof Type: Asphalt, Composition
Stories: 2.0
Taxes: $2,391
Year Built: 1981
Feature Descriptions
Appliances: Dishwasher, Electric Oven, Electric Range, Refrigerator
Days on Site: 13
Exterior: Masonite, Wood Frame
Fireplace: Other, See Remarks
Flooring: Carpet, Linoleum, Luxury Vinyl, Luxury VinylPlank
Laundry: Washer Hookup, Dryer Hookup
Lot: Landscaped
Lot Dimensions: 80 x 135
Parcel#: 29743-082-27-004
Patio/Porch: Open, Patio
Sewer: Connected
Units: 4
Water: Public
Zoning: Multi
Local Schools
High School: Central
Middle School: Bookcliff
Elementary School: Fruitvale
Listed By / Shown By
Listed By
Agency Name: MOUNTAIN VALLEY REAL ESTATE
Agency Phone: 970-263-7250
Shown By
Agency Title: B.L. Realty, Inc.
Agency Phone: 970-623-0596
Estimate Your Payment
Estimated Payment
$ 4,190.89 per month $3,802.05 Principal & Interest $199.25 Property Tax $189.58 Homeowner's Insurance
558 Garfield Drive | MLS# 20264170
This multi-family property located at 558 Garfield Drive , Grand Junction, CO 81504 is currently listed for sale with an asking price of $650,000. Search Grand Junction real estate on www.blrealtygj.com today.