Turnkey Duplex Near CMU-Fully rented & updated! Investor special just steps from Colorado Mesa University! This well-maintained duplex features 2 units: Unit 1: 4 bed / 2 bath @ $2,000/mo. Unit 2: 2 bed (1 non-conforming) / 1 bath @ $1,000/mo. Both tenants are M-T-M, tenants pay all utilities except W-S-T. No pets or smoking - ever. Major updates in last 5 years include new sewer line, roof & gutters, major mech systems (HVAC, etc). Ample off-street parking via alley + small RV pad for upper unit. Excellent rental demand due to proximity to CMU - ideal for student or faculty housing. Live in one unit & rent the other, or lease both for consistent income. High cap rate potential in a growing Grand Junction market. Prime location. Turnkey condition. Strong cash flow. Don't miss this low-maintenance, income-generating gem near one of GJ's most desireable rental zones.
For sale
$525,000
2336 Elm Ave, Grand Junction, CO 81501
6beds
3baths
2,864sqft
Est.:
Duplex, Multi Family
Built in 1910
-- sqft lot
$504,100 Zestimate®
$183/sqft
$-- HOA
What's special
Small rv padOff-street parking
- 23 days
- on Zillow |
- 1,042 |
- 46 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 12:09pm
Listed by:
RE/MAX 4000, INC
Source: GJARA,MLS#: 20253420
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Baseboard, Hot Water, Natural Gas
Cooling
- Evaporative Cooling
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Range Hood, Washer
Features
- None
- Flooring: Carpet, Vinyl
- Basement: Exterior Entry,Full
- Has fireplace: No
Interior area
- Total structure area: 2,864
- Total interior livable area: 2,864 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
- Exterior features: Shed
Lot
- Size: 7,405.2 Square Feet
- Dimensions: 60 x 126
- Features: Landscaped
Details
- Additional structures: Shed(s)
- Parcel number: 29451209020
- Zoning description: RM-8
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding, Wood Frame
- Roof: Asphalt,Composition
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & HOA
Community
- Subdivision: Wilcox & Bixby
HOA
- Has HOA: No
- Amenities included: None
- Services included: None
Location
- Region: Grand Junction
- Elevation: 4597
Financial & listing details
- Price per square foot: $183/sqft
- Tax assessed value: $383,960
- Annual tax amount: $2,000
- Date on market: 7/17/2025
- Road surface type: Paved
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