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104 White Ave 104 White Ave 45 Unit Apartment Building $7,530,989 CAD ($167,355 CAD/Unit) 6.34% Cap Rate Grand Junction, CO 81501
INVESTMENT HIGHLIGHTS
- Prime Downtown Grand Junction Location
- Modern Interiors with Upgraded Kitchens, Bathrooms & A/C in Every Unit
- Operational Upside Through Rent Stabilization and Utility Bill-Back Program
- Fully Renovated, Turn-Key Condition – Zero CapEx Required
- Private Patios, Communal Outdoor Space & On-Site Off- Street Parking
EXECUTIVE SUMMARY
MMG Real Estate Advisors is pleased to present 104 White Ave, a fully renovated multifamily property located in the heart of Grand Junction. Just steps from Main Street, residents enjoy walkable access to local restaurants, bars, and boutique retailers, with national brands such as Home Depot, Lowe’s, and Safeway nearby. The property has
undergone extensive capital improvements, including new windows, roof, updated electrical, and fully renovated interiors, eliminating the need for near-term capital expenditures. Offering operational upside through rent stabilization and utility bill-back implementation, 104 White Ave is a rare opportunity to acquire a turn-key asset in a
growing Western Slope market.
undergone extensive capital improvements, including new windows, roof, updated electrical, and fully renovated interiors, eliminating the need for near-term capital expenditures. Offering operational upside through rent stabilization and utility bill-back implementation, 104 White Ave is a rare opportunity to acquire a turn-key asset in a
growing Western Slope market.
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 - 2025) 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 | $7,530,989 CAD | Building Class | B |
| Price Per Unit | $167,355 CAD | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 20,824 SF |
| Cap Rate | 6.34% | Average Occupancy | 96% |
| No. Units | 45 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.16/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B-2 | ||
| Price | $7,530,989 CAD |
| Price Per Unit | $167,355 CAD |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.58 AC |
| Building Size | 20,824 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2019 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | B-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- High Speed Internet Access
- Refrigerator
- Breakfast Nook
SITE AMENITIES
- Business Center
- Laundry Facilities
- Property Manager on Site
- Security System
- Breakfast/Coffee Concierge
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 45 | - | 250 - 360 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | R063849 | Improvements Assessment | $355,249 CAD (2024) |
| Land Assessment | $18,642 CAD (2024) | Total Assessment | $373,891 CAD (2024) |
PROPERTY TAXES
Parcel Number
R063849
Land Assessment
$18,642 CAD (2024)
Improvements Assessment
$355,249 CAD (2024)
Total Assessment
$373,891 CAD (2024)
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