This historic farmhouse was once a single family home converted and separated into 7 units. We have brought the building up to standard building codes. Part of the renovation plan was to upgrade units with fresh materials. Along with cosmetic upgrades we will overhauling old lease agreements with tenants, implementing new fees and adding an onsite, shared laundry room. This is a great turn-key investment property that tenants will be proud to call home.
GRAND
APARTMENT
EST. 1913

INVESTMENTS By FORT + H M

1060 GRAND AVE.
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GRAND JUNCTION, CO. 80501
Under Contract | $675,000.00
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Residential Units | 7
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Cap Rate | 7.11%
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NOI | $48,00.00
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Loot Size | 0.26 Acres
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Year Built | 1904
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Building Size | 4,284 SF
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Renovated | 2020
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Zoning | R-8
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Price/ SF | $157.56
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PROPERTY HIGHLIGHTS ​
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100% OCCUPANCY
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Recently Remodeled
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Onsite Parking Lot
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Close Proximity to downtown & CMU
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