285 S Grand Mesa Drive,Cedaredge, CO 81413
Cedaredge, CO 81413
Description
BACK ON MARKET, NOT DUE TO PROPERTY BUT BUYER'S LENDER TERMS. PRICED TO SELL! This well-maintained multi-tenant residential property, built in 2003, is ideally located in the heart of downtown Cedaredge and is fully leased. Offering exceptional flexibility, this investment property presents multiple opportunities continue generating rental income, live in one unit while renting the others, or accommodate multi-generational living. Currently configured and rented as a duplex, the property is already set up for easy conversion to a triplex with the addition of a studio apartment and a stackable washer and dryer for the upstairs unit. Recent upgrades to the apartments enhance both comfort and appeal, while private parking spaces and fenced private yards add convenience for tenants. The property is adjacent to a pocket park honoring local Veterans and is within walking distance to downtown shops, restaurants, and amenities. A detailed list of improvements is available upon request. Offered at a 6% CAP rate, this turnkey, income-producing property is an excellent investment opportunity. Showings are available with the Broker and require a 48-hour notice to tenants.
Details
| MLS # | 834720 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2003 |
| Days On Site | 119 |
| Listing Provided By | Grand Mesa Real Estate Services | Lucinda Stanley |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 3,245 |
| Story(s) | 2 |
| Units | 2 |
| Zoning | Live/Work,Residential Multi Fami |
| Acreage | 0.20 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Window Units |
| Heating Yes / No | Yes |
| Heating | Baseboard |
| Furnished | Unfurnished |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Stucco |
Parking
| Garage Yes / No | No |
|---|
Other
| List Aor | Montrose Association Of Realtors |
|---|
Taxes
| Property | 2620 |
|---|
Area Information
| State | CO |
|---|---|
| County | Delta |
| City | Cedaredge |
| Zip Code | 81413 |
| Area | Surface Creek |
| Community Name | Surface Creek |
| School District | Cedaredge 9-12 |
| Elementary School | Cedaredge K-5 |
| High School | Cedaredge 9-12 |
| Listing VS Median (in Surface Creek) | |
Price: $412,500 low | high Med: $412,500 sqft: 3,245 low | high Med: 3,245 $ / sqft: $127 low | high Med: $127 On site: 119 low | high Med: 119 | |
Market Activity 81413
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Learn More About This Property
| State | CO |
|---|---|
| County | Delta |
| City | Cedaredge |
| Zip Code | 81413 |
| Area | Surface Creek |
| Community Name | Surface Creek |
| School District | Cedaredge 9-12 |
| Elementary School | Cedaredge K-5 |
| High School | Cedaredge 9-12 |
| Listing VS Median (in Surface Creek) | |
Price: $412,500 low | high Med: $412,500 sqft: 3,245 low | high Med: 3,245 $ / sqft: $127 low | high Med: $127 On site: 119 low | high Med: 119 | |
