$399,000

1416 Elm Avenue

Grand Junction CO, 81501

Description

Main house plus a separate ADU unit with owned solar panels, a studio apartment up and a brand new additional bedroom, bath, living room and kitchenette down with separate entrance and one car garage. Can be rented as separate bedrooms. Seller has done over $100K of improvements. Only 2 blocks from CMU. Main house includes washer & dryer, ADU has hookups. Cap rate is figured with upper and lower levels rented separately with $800 rent on lower half ( currently not rented but prominent property manager stated should be able to get $800 no problem), with taxes, utilities and insurance subtracted out. Would be great for parent to put student in the lower ADU unit and keep the existing leases. Each unit has use of a separate storage shed. Please see the 360 degree video tour via the link under the main picture.

Details

MLS#20206130
Listing TypeFor Sale
Sub-TypeResale
StatusPending - Show
Year1942
Days On Site43

Features

SQ Feet1,948
Units2

Market Activity 81501

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Area Information
StateCO
CityGrand Junction
Zip Code81501
AreaGrand Junction City
Listing VS Median (in 81501)
Price:
$399,000
low | high
Med:
$129,500
100% of Average
SqFt:
1,948
low | high
Med:
779
100% of Average
$ / SqFt:
$205
low | high
Med:
$166
68.838817197036% of Average
On Site:
43
low | high
Med:
169
25.443786982249% of Average
Listing Updated: January 26, 2021 8:09:30 PM PST
LARRY CRAVEN LogoMLS Number: 20206130
Listing Provided By:
LARRY CRAVEN  of  EXP REALTY LLC

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.