USACOGrand JunctionArea 15 Merchand501 Independent Ave
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New
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$2,900,000

For Sale

5 hours ago

501 Independent Ave, Grand Junction, CO

Condo

MLS® 20262136

33 Bed

23 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential
Size -
Garage 
HOA Fees 
Taxes $7,513
Days Active 0
Approx. Age 2001
MLS® Number 20262136

Property Address: 501 Independent Ave, Grand Junction, CO, 81505-7162

Average square foot calculated using Size range provided by listing agent.

Description

Rare investment opportunity. This apartment complex is centrally located with 12 units (nine 3bed/2bath and three 2bed/2bath units) 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. All information deemed reliable, buyer to verify.
MLS® Number20262136
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age2001
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 7, 2026List Date
$2,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
501 Independent Ave, Grand Junction, CO

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