



4plex located in the heart of town less than 1/2 mile away from CMU. Fully leased with a current cap rate of 7.5%, and a pro-forma cap rate of 8.5+%. Separate storage building included with 5 storage units, one for each tenant and one for owner/maintenance. Each tenant has their own fenced yard space, private laundry services for washer/dryers, and plenty of parking on the property. Gas/Electric separately metered. New exterior paint, all new showers throughout, and 2 of the 4 units have been fully remodeled in the last couple of years, including all new paint, flooring, fixtures, vanities, showers, countertops, etc. Units have been rented within days of going vacant for the time owner has had it - low inventory for this product in this location. Located close to new car wash that was just built on North Avenue.
| Type | School name | District name |
|---|---|---|
| High | Grand Junction | Not available |
| Elementary | Orchard Avenue | Not available |
| Middle | Bookcliff | Not available |
| Juniorhigh | Bookcliff | Not available |
| Year | Tax amount | |
|---|---|---|
| 2026 | USD $2023 | NZD $3,640* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.
Email enquiry to VENTURE GROUP
Property ID: 110109376267
Original Property ID: 3yd-GJARACO-20263460