Listing Courtesy of: RACHEL JUSTMAN - CENTURY 21 CAPROCK REAL ESTATE 970-257-0500
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1231 N 23rd Street Grand Junction, CO 81501

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Apartment Residence
14 Beds
14 Baths
5,544 Sq. Ft.
0.23 Acre Lot
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Last updated on 9/22/2024 2:14 AM

Listing Details

This recently renovated 14-unit apartment complex is an excellent investment opportunity, featuring 14 brand-new studio apartments. Formerly an office complex, the building has been fully converted into high-quality residential units designed for modern, comfortable living. Each unit is currently l...eased at $1,100 per month, with tenants responsible for their own electricity. Projected to perform at a 7 CAP. The building is highly energy-efficient, with most systems powered by electricity, including brand-new mini-split HVAC systems installed throughout each unit. Solar panels help offset overall energy costs, making it even more efficient. A shared laundry room is available for tenant convenience, and the low-maintenance exterior ensures easy upkeep. Twelve of the 14 units have signed new 12-month leases, and the building is expected to reach full occupancy soon. The property also comes with a one-year warranty on all recent construction, offering added peace of mind for new ownership. This turn-key complex presents an ideal opportunity for investors seeking a modern, energy-efficient property with stable rental income. Call today to schedule a showing! Terms deemed reliable but not guaranteed, terms subject to change without notice. Continue reading
MLS#
20244313
Property Type
Apartment
Bedrooms
14
Bathrooms
Year Built
1977
Square Feet
5,544 sq. ft
Lot Size
0.23
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Listing Courtesy of: RACHEL JUSTMAN - CENTURY 21 CAPROCK REAL ESTATE 970-257-0500
Andrea Conner, Colorado License # ER.100067447, Xome Inc., License #EC100044283, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


The data relating to real estate for sale on this website comes in part from the IDX program of the Grand Junction Area REALTOR® Association. This 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. Copyright 2024 Grand Junction Area REALTOR® Association. All rights reserved.
This content last refreshed on 9/22/2024 2:14 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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