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For sale
  • $1,799,000

    581 Indian Creek Drive 5 #2-4-6, Grand Junction, CO 81501

    12beds
    9baths
    6,266sqft
    : 
    Multi Family
    Built in 2022
    -- sqft lot
    $-- Zestimate®
    $287/sqft
    $155/mo HOA

    What's special

    Modern floor plansSingle storyOpen concept
    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.
    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

    We'll find a local expert to take you on a private tour of 581 Indian Creek Drive 5 #2-4-6.

    Next available tour time:Today at 5:30pm

    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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