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1254 Ute Avenue

Grand Junction, CO 81501
  • $290,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 20225707
UPDATED: 37 min ago
$290,000
  • 2
    BEDS
  • 0.17
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,242
    SQFT
  • $233
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1941
County:

School Information

Elementary School:
Middle School:
High School:

Description

Rare Opportunity to Own a Commercially Zoned Property with Multi-family Use. This Property is Located on a High Traffic and Highly Visible Corner of Ute & 13th Street. General Meeting with the City Has Been Completed. Additional Residential Structures Are Permitted. Tenant in Unit A has a signed Lease Agreement that entails $1,050/Month in rent plus 60% of the utilities. Unit B updating was complete 10/31/2022. Tenant in Unit B has a signed Lease Agreement starting 11/18/2022 that entails $950.00/Month in rent plus 40% of the utilities. Tenant Revenue is $2,000.00/month - $24,000 Annually at 8.2% cap rate. Exterior updating is complete. Exterior painting is scheduled pending weather, Seller willing to issue $3,500 in towards purchase price for exterior painting. Seller is a Licensed Real Estate Broker in the State of Colorado

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© 2022 Grand Junction MLS. All Rights Reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimbrough Team | RE/MAX 4000. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimbrough Team | RE/MAX 4000. Data last updated 2022-11-26T16:17:00.563 UTC.

www.thekimbroughteam.com/homes/134633457
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1254 Ute Avenue Grand Junction, CO 81501

  • Price: $290,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 37 min ago
  • MLS #: 20225707
2
Beds
2
Baths
0
½ Baths
0.17
Acres
1,242
SQFT
$233
$/SQFT
1941
Built
Neighborhood:
N/A
County:
Mesa
Area:
Grand Junction City
Elementary School:
Chipeta
Middle School:
East
High School:
Grand Junction
Property Description
Rare Opportunity to Own a Commercially Zoned Property with Multi-family Use. This Property is Located on a High Traffic and Highly Visible Corner of Ute & 13th Street. General Meeting with the City Has Been Completed. Additional Residential Structures Are Permitted. Tenant in Unit A has a signed Lease Agreement that entails $1,050/Month in rent plus 60% of the utilities. Unit B updating was complete 10/31/2022. Tenant in Unit B has a signed Lease Agreement starting 11/18/2022 that entails $950.00/Month in rent plus 40% of the utilities. Tenant Revenue is $2,000.00/month - $24,000 Annually at 8.2% cap rate. Exterior updating is complete. Exterior painting is scheduled pending weather, Seller willing to issue $3,500 in towards purchase price for exterior painting. Seller is a Licensed Real Estate Broker in the State of Colorado
Exterior Features

Architectural Style Other Construction Materials Block Direction Faces South Lot Features Landscaped Lot Size Dimensions 75 X 100 Other Structures Outbuilding Patio And Porch Features OpenPatio Road Frontage Type City Street Roof Metal

Interior Features

Appliances DryerGas OvenGas RangeRefrigeratorWasher Basement Block Cooling Evaporative Cooling Cooling YN Yes Fireplace YN No Flooring ConcreteHardwoodTile Foundation Details Block Heating BaseboardNatural Gas Heating YN Yes Interior Features None

Property Features

Accessibility Features None Association Amenities None Association Fee Includes None Association YN No Current Use Multi-Family Elevation 4583 Land Lease YN No Property Sub Type Duplex Sewer Connected Tax Annual Amount 876.01 Tax Year 2022 Water Source Public Zoning Description C-1

Listing courtesy of Katie Davis of Bray/Commercial: 970-241-2909.
© 2022 Grand Junction MLS. All Rights Reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimbrough Team | RE/MAX 4000. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kimbrough Team | RE/MAX 4000. Data last updated 2022-11-26T16:17:00.563 UTC.

 
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The Kimbrough Team | RE/MAX 4000
120 West Park Drive, Suite 200
Grand Junction CO, 81505