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    $5,100,000

  • Active | MLS#: 20184860
  • 72Baths

541 29 1/2 Road Grand Junction, CO 81504

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Listing provided courtesy of: RE/MAX 4000, INC

Overview

GREAT VALUE ADD opportunity to own this 72 unit apartment complex on 4.06 acres. Orig. built in '78, professionally maintained & updated. Units stay full except for brief period between tenants to paint & clean. Pet free, smoke free. Tenants pay electric (individually metered), landlord covers water, sewer, trash & gas. 5 coin-op washers, 5 coin-op dryers. Backs to Bookcliff Middle School track & field plus large open green space in center of buildings. POTENTIAL TO ADD INCOME PRODUCING BUILDING ON VACANT 1 ACRE ON WEST SIDE OF LOT. 3 POTENTIAL ADDITIONAL UNITS AVAILABLE FOR RENT (currently used for book keeping office and two for shop space). Room to increase even the section 8 rents. Two 3 bed units at $775, Fifty two 2 beds at 700 & 725, eighteen 1 beds at 625. Net monthly income at $24,810 plus coin op laundry (added back owner's debt and pay). Approx. 75% are section 8 with auto-dep

General Features

  • Area NE Grand Junction
  • Year Built 1975

Building Features

Property Features

Schools

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Rick Allen

719-205-1599RE/MAX PROPERTIES, INC

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Price & Status History

Days on Market

  • This property has been listed on the market for 111 days

Location

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Listing agent photo

Rick Allen

719-205-1599RE/MAX PROPERTIES, INC

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Community Demographics for Zip Code 81504 (Grand Junction)

Housing Occupancy
  • Home Owners: 9,571 (62%)
  • Renters: 1,875 (12%)
  • Vacant: 4,063 (26%)
  • Total Housing Units: 15,509
Households
  • Average Household Size: 2.63
  • Housing Density (People per square mile): 2,691
Age Range (number of people)
  • Age 0-14: 7,586
  • Age 15-24: 4,171
  • Age 25-39: 5,704
  • Age 40-59: 6,652
  • Age 60-79: 4,857
  • Age 80+: 1,468
  • Total: 30,438

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 81504 (Grand Junction)

Public Schools in Zip Code 81504 (Grand Junction)

* This list of schools may not match the property above.

CENTRAL HIGH SCHOOL 3130 E1/2 RD GRAND JUNCTION, CO 81504 Phone: 9702546200 9th-12th
Grade Size Distribution
  • 9th: 414
  • 10th: 479
  • 11th: 395
  • 12th: 382
School Population
  • Teachers: 88
  • Students per Teacher: 19.0
  • Students: 1670
  • Male/Female: 884/786
School District
  • MESA COUNTY VALLEY SCHOOL DISTRICT NO. 51
  • 2115 GRAND AVE GRAND JUNCTION, CO 81501
  • Phone: 9702545100
District Population
  • Schools: 46
  • Full-Time Teachers: 1270
  • Students per Teacher: 17.5
  • Staff: 2702
  • Students: 22171
BOOKCLIFF MIDDLE SCHOOL 2935 ORCHARD AVE GRAND JUNCTION, CO 81504 Phone: 9702546220 6th-8th
Grade Size Distribution
  • 6th: 185
  • 7th: 179
  • 8th: 163
School Population
  • Teachers: 38
  • Students per Teacher: 13.9
  • Students: 527
  • Male/Female: 271/256
School District
  • MESA COUNTY VALLEY SCHOOL DISTRICT NO. 51
  • 2115 GRAND AVE GRAND JUNCTION, CO 81501
  • Phone: 9702545100
District Population
  • Schools: 46
  • Full-Time Teachers: 1270
  • Students per Teacher: 17.5
  • Staff: 2702
  • Students: 22171
GRAND MESA MIDDLE SCHOOL 585 31-1/2 RD GRAND JUNCTION, CO 81504 Phone: 9702546270 6th-8th
Grade Size Distribution
  • 6th: 239
  • 7th: 229
  • 8th: 243
School Population
  • Teachers: 42
  • Students per Teacher: 16.9
  • Students: 711
  • Male/Female: 386/325
School District
  • MESA COUNTY VALLEY SCHOOL DISTRICT NO. 51
  • 2115 GRAND AVE GRAND JUNCTION, CO 81501
  • Phone: 9702545100
District Population
  • Schools: 46
  • Full-Time Teachers: 1270
  • Students per Teacher: 17.5
  • Staff: 2702
  • Students: 22171
CHATFIELD ELEMENTARY SCHOOL 3188 D1/2 RD GRAND JUNCTION, CO 81504 Phone: 9702544930 PreK-5th
Grade Size Distribution
  • PreK: 27
  • Knd: 73
  • 1st: 66
  • 2nd: 60
  • 3rd: 86
  • 4th: 71
  • 5th: 58
School Population
  • Teachers: 23
  • Students per Teacher: 19.2
  • Students: 441
  • Male/Female: 238/203
School District
  • MESA COUNTY VALLEY SCHOOL DISTRICT NO. 51
  • 2115 GRAND AVE GRAND JUNCTION, CO 81501
  • Phone: 9702545100
District Population
  • Schools: 46
  • Full-Time Teachers: 1270
  • Students per Teacher: 17.5
  • Staff: 2702
  • Students: 22171
FRUITVALE ELEMENTARY SCHOOL 585 30 RD GRAND JUNCTION, CO 81504 Phone: 9702545930 PreK-5th
Grade Size Distribution
  • PreK: 29
  • Knd: 72
  • 1st: 93
  • 2nd: 86
  • 3rd: 80
  • 4th: 100
  • 5th: 69
School Population
  • Teachers: 26
  • Students per Teacher: 20.3
  • Students: 529
  • Male/Female: 273/256
School District
  • MESA COUNTY VALLEY SCHOOL DISTRICT NO. 51
  • 2115 GRAND AVE GRAND JUNCTION, CO 81501
  • Phone: 9702545100
District Population
  • Schools: 46
  • Full-Time Teachers: 1270
  • Students per Teacher: 17.5
  • Staff: 2702
  • Students: 22171
PEAR PARK ELEMENTARY SCHOOL 432 30 1/4 RD GRAND JUNCTION, CO 81504 Phone: 9702545960 PreK-5th
Grade Size Distribution
  • PreK: 27
  • Knd: 72
  • 1st: 74
  • 2nd: 62
  • 3rd: 75
  • 4th: 61
  • 5th: 60
School Population
  • Teachers: 26
  • Students per Teacher: 16.6
  • Students: 431
  • Male/Female: 227/204
School District
  • MESA COUNTY VALLEY SCHOOL DISTRICT NO. 51
  • 2115 GRAND AVE GRAND JUNCTION, CO 81501
  • Phone: 9702545100
District Population
  • Schools: 46
  • Full-Time Teachers: 1270
  • Students per Teacher: 17.5
  • Staff: 2702
  • Students: 22171
THUNDER MOUNTAIN ELEMENTARY SCHOOL 3063 F1/2 RD GRAND JUNCTION, CO 81504 Phone: 9702545870 PreK-5th
Grade Size Distribution
  • PreK: 25
  • Knd: 99
  • 1st: 105
  • 2nd: 102
  • 3rd: 108
  • 4th: 92
  • 5th: 104
School Population
  • Teachers: 28
  • Students per Teacher: 22.7
  • Students: 635
  • Male/Female: 331/304
School District
  • MESA COUNTY VALLEY SCHOOL DISTRICT NO. 51
  • 2115 GRAND AVE GRAND JUNCTION, CO 81501
  • Phone: 9702545100
District Population
  • Schools: 46
  • Full-Time Teachers: 1270
  • Students per Teacher: 17.5
  • Staff: 2702
  • Students: 22171

Private Schools in Zip Code 81504 (Grand Junction)

* This list of schools may not match the property above.

Cornerstone Christian School 3099 F Rd. Grand Junction, CO 81504 Phone: 9704344619 PreK-12th
Grade Size Distribution
  • PreK: 7
  • Knd: 6
  • 1st: 6
  • 2nd: 1
  • 3rd: 9
  • 4th: 1
  • 5th: 6
  • 6th: 5
  • 7th: 4
  • 8th: 3
  • 9th: 4
  • 10th: 1
  • 11th: 1
  • 12th: 1
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 55
Pear Park Baptist School 3102 E Rd. Grand Junction, CO 81504 Phone: 9704344113 PreK-12th
Grade Size Distribution
  • Knd: 7
  • 1st: 8
  • 2nd: 4
  • 3rd: 4
  • 4th: 5
  • 5th: 1
  • 6th: 1
  • 7th: 3
  • 8th: 1
  • 9th: 2
  • 10th: 2
  • 11th: 5
  • 12th: 2
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 45

* School data provided by US Department of Education


The data relating to real estate for sale on this website is provided in part by The Grand Junction Area REALTORS® Association (GJARA). Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2018 All rights reserved.

* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional