Average square foot calculated using Size range provided by listing agent.
Description
1405 Elm Ave – Triplex with Income Potential, Walkable to CMU! Rare triplex opportunity in a central Grand Junction location! This property features two 1-bedroom units and a studio, each with bright, single-level layouts. Unit A was recently updated with new flooring and a modern bathroom. Unit B is a well-equipped studio rental, and Unit C is an updated 1-bedroom unit. Current leases generate a total monthly rental income of $2, 610 (A: $1, 050, B: $685, C: $875). The property also includes off-street parking and a detached garage. Walkable to Colorado Mesa University, shopping, dining, and major roadways, this triplex offers strong rental demand and an estimated 7% cap rate—making it an ideal income-producing investment or owner-occupied opportunity.Show Description
MLS® Number20254394
Laundry Level
Central VacNo
FireplaceNo
Acreage0.14
ExteriorShed
GarageNo
Approx. Age1950
BasementCrawl Space
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/CEvaporative Cooling, Window Units
Heating Fuel
Extras
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