1231 N 23rd Street Grand Junction, CO 81501

Other Residential MLS #: 20244313 Listed By CENTURY 21 CapRock Real Estate

$1,800,000

14 beds | 14 baths | 5,544 sq ft
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Est. Property Tax: $643
Estimated monthly payments: $7,922/mo.* (recalculate)
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Property InformationDescription

100% OCCUPIED! This recently renovated 14-unit apartment complex is an excellent investment opportunity, featuring 14 brand-new studio apartments. Formerly an office complex, the building has been fully converted into high-quality residential units designed for modern, comfortable living. Each unit is currently leased at $1,100 per month, with tenants responsible for their own electricity. Projected to perform at a 7 CAP. The building is highly energy-efficient, with most systems powered by electricity, including brand-new mini-split HVAC systems installed throughout each unit. Solar panels help offset overall energy costs, making it even more efficient. A shared laundry room is available for tenant convenience, and the low-maintenance exterior ensures easy upkeep. The property also comes with a one-year warranty on all recent construction, offering added peace of mind for new ownership. This turn-key complex presents an ideal opportunity for investors seeking a modern, energy-efficient property with stable rental income. Call today to schedule a showing! Terms deemed reliable but not guaranteed, terms subject to change without notice.

Features

  • Appliances: Range / Oven, Refrigerator
  • Basement: Crawl Space
  • Flooring: Laminate
  • Lot Size: 0.23 Acres
  • Style: 1 Level Ranch

MAP & DIRECTIONS

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1231 N 23rd Street, Grand Junction, CO 81501
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School Information

1231 N 23rd Street, Grand Junction, CO 81501

Elementary School
Grades PK-5 | Public School
ORCHARD AVENUE ELEMENTARY SCHOOL
Grand Junction, CO 81501
1800 Orchard Ave
970.­254.7560
Distance: 0.5 mi
School Rating
B
Student:Teacher Ratio
14:1
Total Students
370
Middle School
Grades 6-8 | Public School
EAST MIDDLE SCHOOL
Grand Junction, CO 81501
830 Gunnison Ave
970.­254.5020
Distance: 1.1 mi
School Rating
C-
Student:Teacher Ratio
17:1
Total Students
435
High School
Grades 9-12 | Public School
GRAND JUNCTION HIGH SCHOOL
Grand Junction, CO 81501
1400 N 5th St
970.­254.6900
Distance: 1.3 mi
School Rating
C+
Student:Teacher Ratio
18:1
Total Students
1378
Other Nearby Schools Distance Type Grades School Rating
R-5 High School 0.5 mi Public 9-12 F
Lincoln Park Preschool 0.6 mi Public PK
Grand River Academy 0.7 mi Public KG-12 D
Lutheran Church & School Of Messiah 0.8 mi Private PK-8
Landmark Baptist School 1.0 mi Private KG-12
Nisley Elementary School 1.0 mi Public PK-5 D
Chipeta Elementary School 1.1 mi Public PK-5 C+
Bookcliff Christian School 1.1 mi Private PK-5
Tope Elementary School 1.3 mi Public PK-5 C
Grand Mesa Youth Services Center 1.5 mi Public 5-12
Grand Mesa Youth Services Center 1.5 mi Public 5-12
Bookcliff Middle School 1.6 mi Public 6-8 C
Career Center Preschool 1.6 mi Public PK
Juniper Ridge Community School 1.8 mi Public KG-8 C-
West Middle School 1.8 mi Public 6-8 B
Life Academy 1.8 mi Private PK-12
Independence Academy 1.9 mi Public PK-8 C+
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Grand Junction, CO 81501

Median Age: 35.6
Married: 26%
Number of Households: 9,471
Households with Children: 20.2%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home