4-Plex Opportunity on a Quiet Cul-de-Sac – High Tenant Appeal! Nestled on a lovely cul-de-sac, this well-maintained 4-plex offers an attractive investment opportunity with a current rent roll of $5,480 and room to increase. Each unit features a highly desirable two-story layout that tenants love. End units offer spacious two-bedroom layouts with a versatile loft that can be used as an additional bedroom, office, or second living area. Middle units are thoughtfully designed with one bedroom on the ground floor and a loft upstairs for flexible living space. The property sits on a comfortable, well-sized lot that enhances tenant satisfaction, while amenities like a community laundry room and ample parking add convenience. Its central location provides easy access to local amenities, making it even more appealing to renters. Currently performing at a 6% cap rate, this property has room for value-add potential through rent increases or minor improvements. Don’t miss this opportunity to own a solid income-producing asset in a prime rental market! Buyer to verify all to satisfaction. Terms subject to change without notice.
Sold for $625,000 on 01/23/25
$625,000
560 N Sparn Ct, Grand Junction, CO 81501
10beds
4baths
4,024sqft
Quadruplex, Multi Family
Built in 1977
-- sqft lot
$641,700 Zestimate®
$155/sqft
$1,427 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 24, 2025 at 10:09am
Listed by:
CENTURY 21 CAPROCK REAL ESTATE
Bought with:
REJUVENATION HOMES
Source: GJARA,MLS#: 20245262
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Heating
- Hot Water
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup
Features
- None
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 4,024
- Total interior livable area: 4,024 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: None
- Exterior features: None
Lot
- Size: 0.31 Acres
- Dimensions: 194', 33', 128', 95'
- Features: Cul-De-Sac, Irregular Lot, None
Details
- Parcel number: 294307110011
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bi-Level,Fourplex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding, Wood Frame
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & neighborhood
Location
- Region: Grand Junction
- Subdivision: Other