501 Independent Ave, Grand Junction, CO 81505

Rare investment opportunity. This apartment complex is centrally located with 12 units (nine 3bed/2bath and three 2bed/2bathunits) all with attached garage spaces. This complex boasts several upsides including new siding, roofing, stairs, fire sprinkler systems and improved insulation. Very low maintenance and almost ZERO vacancy. Rents are going up through attrition and units are typically rented prior to changing from one tenant to another. This property also has potential to add another 4 plex with excellent views. All units have washer/dryer hookups and long term projected maintenance expense is very low. All units include an electric range oven, refrigerator and dishwasher. NOI expected to increase by $8k-$9k in 2027. For Owner financing options please contact Listing Agent. All information deemed reliable, buyer to verify.

Agent Confidential Rmks: Contact listing agent directly for showings and rent roll/APOD. All info deemed reliable, buyer to verify. Agent must be presentfor all showings and will only be approved for qualified buyers that have reviewed financial info. Square footage differs fromassessor and is estimated between 11,000 to 12,000 sq feet of rentable area with total grow building area around 17,259square feet. For Owner financing options please contact Listing Agent.