Investment opportunity to purchase four townhomes located at 581 W Indian Creek Drive, including units: 2, 4, 5, & 6 at a 5.7% Cap Rate. All units are leased on 1-year terms and offer a stabilized, income-producing asset in a strong rental market. Units were all built in 2022 and feature modern floor plans. Units 2, 5, & 6 are single story and offer 3-bedrooms and 2-bath with nice open concept. Unit 4 is a 2-story unit and features 3-bedrooms and 3-bathrooms. All units come with refrigerators, dishwashers, ranges, microwaves, and in unit washers and dryers. All units come with attached 2-car garages. Unit 2 will be going back on the market and all other units are currently leased.
For sale
$1,799,000
581 Indian Creek Drive 5 #2-4-6, Grand Junction, CO 81501
12beds
9baths
6,266sqft
Est.:
Multi Family
Built in 2022
-- sqft lot
$-- Zestimate®
$287/sqft
$155/mo HOA
What's special
Modern floor plansSingle storyOpen concept
- 14 days
- on Zillow |
- 153 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: August 12, 2025 at 12:52pm
Listed by:
VENTURE GROUP
Source: GJARA,MLS#: 20253883
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 9
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Range Hood, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Pantry, Walk-In Closet(s), Walk-In Shower
- Flooring: Carpet, Luxury Vinyl, Luxury VinylPlank
- Has fireplace: No
Interior area
- Total structure area: 6,266
- Total interior livable area: 6,266 sqft
Property
Accessibility
- Accessibility features: None, Low Threshold Shower
Features
- Patio & porch: Open, Patio
- Exterior features: None
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 117' x 28'
- Features: Landscaped
Details
- Parcel number: 294307181007
- Zoning description: RM-8
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,See Remarks
- Property subtype: Multi Family
Materials
- Stone, Stucco, Wood Frame
- Foundation: Slab
- Roof: Asphalt,Composition
Condition
- Year built: 2022
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & HOA
Community
- Subdivision: Peppertree
HOA
- Has HOA: Yes
- Amenities included: None
- Services included: Common Area Maintenance, Maintenance Structure, Snow Removal, Sprinkler
- HOA fee: $155 monthly
Location
- Region: Grand Junction
- Elevation: 4495
Financial & listing details
- Price per square foot: $287/sqft
- Annual tax amount: $7,412
- Date on market: 7/14/2025
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