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Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,226 sqft
Price per Sqft $172
MLS Listing ID 20255077
Sold Date 12/30/25
Style Other,Ranch,See Remarks
Bedrooms 3
HOA Y/N false
Year Built 1940
Annual Tax Amount $1,593
Tax Year 2024
Acres 0.14
Lot Dimensions 50x125
Property Sub-Type Multi Family
Property Description
Excellent investment opportunity in the heart of Grand Junction! This property includes two fully renovated units - a 2-bedroom, 1-bath main home and a 1-bedroom, 1-bath ADU - each updated with modern finishes and well maintained inside and out. Both units feature comfortable layouts, stylish kitchens and baths, and inviting outdoor spaces. The main home has been successfully operated as a furnished rental, delivering consistent tenancy and strong occupancy. The property currently performs at an estimated 7% CAP rate for 2024 with a solid rental history, and furnishings can be included with the sale if desired. There's also potential to finish the basement for additional square footage or the creation of another unit, offering even more upside. Situated in a central, convenient neighborhood near downtown Grand Junction, shopping, and CMU, this turn-key investment provides reliable income and long-term potential with minimal maintenance requirements.
Location
State CO
County Mesa
Area Grand Junction City
Direction From North Ave and Fourth St, head south on Fourth, then right (W) on Belford Ave. Home is on the right (north side of the street).
Rooms
Basement Full
Interior
Interior Features None
Heating Forced Air
Cooling Evaporative Cooling
Flooring Luxury Vinyl, Luxury VinylPlank
Fireplace false
Appliance Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Exterior
Exterior Feature Shed
Amenities Available None
Roof Type Asphalt,Composition
Present Use Residential,Single Family
Handicap Access None
Porch Open, Patio
Building
Lot Description None
Faces South
Story 1
Sewer Connected
Water Public
Level or Stories One
Additional Building Shed(s)
Structure Type Vinyl Siding,Wood Frame
Schools
Elementary Schools Chipeta
Middle Schools East
High Schools Grand Junction
Others
HOA Fee Include None
Tax ID 2945-142-03-012
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Bought with GRAND JUNCTION AREA REALTOR ASSOC
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