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600 N 22nd St

12 Unit Apartment Building $2,012,318 CAD ($167,693 CAD/Unit) 8.10% Cap Rate Grand Junction, CO 81501

Investment Highlights

  • Seller is offering attractive seller financing options.
  • Conveniently located 0.5 miles from the VA and 1 mile from Colorado Mesa University and Downtown Grand Junction.
  • Significant value-add opportunity through unit turns and cosmetic renovations.
  • Prime corner lot in an opportunity zone with excellent potential for future development.
  • Spacious 2 BR / 1 BA units with ample off-street parking and storage space.
  • Recent upgrades include a new roof.

Executive Summary

MMG is please to present 600 N 22nd St, a 12 unit multifamily property located in Grand Junction, CO.
» Seller is offering attractive seller financing options.
» Prime corner lot in an opportunity zone with excellent potential for future development.
» Conveniently located 0.5 miles from the VA and 1 mile from Colorado Mesa University and Downtown Grand Junction.
» Spacious 2 BR / 1 BA units with ample off-street parking and storage space.
» Significant value-add opportunity through unit turns and cosmetic renovations.
» Recent upgrades include a new roof.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,012,318 CAD
Price Per Unit $167,693 CAD
Sale Type Investment
Cap Rate 8.10%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.14 AC
Building Size 7,200 SF
No. Stories 1
Year Built 1941
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 12 $970.22 CAD 600
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2945-131-16-004
Land Assessment
$15,176 CAD (2023)
Improvements Assessment
$84,678 CAD (2023)
Total Assessment
$99,854 CAD (2023)
  • Listing ID: 32614633

  • Date on Market: 2024-07-29

  • Last Updated:

  • Address: 600 N 22nd St, Grand Junction, CO 81501

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