600 N 22nd St | Grand Junction, CO 81501
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600 N 22nd St
Grand Junction, CO 81501
Multifamily Property For Sale · 12 Units
Investment Highlights
- Seller is offering attractive seller financing options.
- Conveniently located 0.5 miles from the VA and 1 mile from Colorado Mesa University and Downtown Grand Junction.
- Significant value-add opportunity through unit turns and cosmetic renovations.
- Prime corner lot in an opportunity zone with excellent potential for future development.
- Spacious 2 BR / 1 BA units with ample off-street parking and storage space.
- Recent upgrades include a new roof.
Executive Summary
MMG is please to present 600 N 22nd St, a 12 unit multifamily property located in Grand Junction, CO.
» Seller is offering attractive seller financing options.
» Prime corner lot in an opportunity zone with excellent potential for future development.
» Conveniently located 0.5 miles from the VA and 1 mile from Colorado Mesa University and Downtown Grand Junction.
» Spacious 2 BR / 1 BA units with ample off-street parking and storage space.
» Significant value-add opportunity through unit turns and cosmetic renovations.
» Recent upgrades include a new roof.
» Seller is offering attractive seller financing options.
» Prime corner lot in an opportunity zone with excellent potential for future development.
» Conveniently located 0.5 miles from the VA and 1 mile from Colorado Mesa University and Downtown Grand Junction.
» Spacious 2 BR / 1 BA units with ample off-street parking and storage space.
» Significant value-add opportunity through unit turns and cosmetic renovations.
» Recent upgrades include a new roof.
PROPERTY FACTS
| Price Per Unit | $116,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.14 AC |
| Cap Rate | 8.10% | Building Size | 7,200 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price Per Unit | $116,667 |
| Sale Type | Investment |
| Cap Rate | 8.10% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 7,200 SF |
| No. Stories | 1 |
| Year Built | 1941 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $675.00 | 600 |
PROPERTY TAXES
| Parcel Number | 2945-131-16-004 | Improvements Assessment | $60,430 |
| Land Assessment | $10,830 | Total Assessment | $71,260 |
PROPERTY TAXES
Parcel Number
2945-131-16-004
Land Assessment
$10,830
Improvements Assessment
$60,430
Total Assessment
$71,260
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