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Duplex in Grand Junction, CO - $499,900

2336 Elm Avenue, Grand Junction, CO, 81501

Description

Bedroom

6 Rooms

Bathroom

0 Bath

Square Foot

0 Ft

Lot Size

0.17 Acres

Turnkey Duplex Near CMU-Fully rented & updated! Investor special just steps from Colorado Mesa University! This well-maintained duplex features 2 units: Unit 1: 4 bed / 2 bath vacant as of 8/15/25 Unit 2: 2 bed (1 non-conforming) / 1 bath @ $1,000/mo. Both tenants are M-T-M, tenants pay all utilities except W-S-T. No pets or smoking - ever. Major updates in last 5 years include new sewer line, roof & gutters, major mech systems (HVAC, etc). Ample off-street parking via alley + small RV pad for upper unit. Excellent rental demand due to proximity to CMU - ideal for student or faculty housing. Live in one unit & rent the other, or lease both for consistent income. High cap rate potential in a growing Grand Junction market. Prime location. Turnkey condition. Strong cash flow. Don't miss this low-maintenance, income-generating gem near one of GJ's most desireable rental zones.

Location
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Grand Junction Expert Agent

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Additional Listing Details:

60 days on HouseJet

Last Refresh: 09/17/2025 01:00:03 AM UTC

MLS #: 20253420

Copyright © 2025 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Listing Agent

JAN KIMBROUGH MILLER - THE KIMBROUGH TEAM

RE/MAX 4000, INC

Phone: 970-241-4000