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Sold for $700,000 on 06/20/25
  • $700,000

    2863 Elm Ave, Grand Junction, CO 81501

    11beds
    7baths
    3,890sqft
    Quadruplex, Multi Family
    Built in 2003
    -- sqft lot
    $702,900 Zestimate®
    $180/sqft
    $1,858 Estimated rent

    What's special

    Perfect investment property in this fully leased 4-unit property. Property features a multi-unit building with three 3-bedroom, 2-bathroom units in good condition, plus a separate 2-bedroom, 1-bathroom single-family home. Two of the three triplex units have been recently updated. Single-family home was built in 1948 and could be replaced with a larger modern unit for either owner/occupant or a unit with higher income potential. CAP Rate just under 6%. Financial information is available.Triplex photos are from Unit "C".

    Zillow last checked: 7 hours ago

    Listing updated: June 26, 2025 at 02:37pm

    Listed by:

    BRAY REAL ESTATE

    Bought with:

    KELLER WILLIAMS COLORADO WEST REALTY

    Source: GJARA,MLS#: 20252011

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 7
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Evaporative Cooling
    Appliances
    • Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Washer
    Features
    • Window Treatments
    • Flooring: Carpet, Vinyl
    • Windows: Window Coverings
    Interior area
    • Total structure area: 3,890
    • Total interior livable area: 3,890 sqft

    Property

    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: None
    • Exterior features: Shed
    Lot
    • Size: 0.50 Acres
    • Dimensions: 72' x 300'
    • Features: Landscaped
    Details
    • Additional structures: Shed(s)
    • Parcel number: 294307400030
    • Zoning description: RMF

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch,Two Story,Fourplex
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Masonite, Wood Siding, Wood Frame
    • Foundation: Slab
    • Roof: Asphalt,Composition
    Condition
    • Year built: 2003
    • Major remodel year: 2022

    Utilities & green energy

    • Sewer: Connected
    • Water: Public

    Community & neighborhood

    Location
    • Region: Grand Junction
    • Subdivision: Area 12 M&B

    Other

    Other facts
    • Road surface type: Paved
    Services availability
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