285 N Grand Mesa Dr - Lower Gunnison Valley Housing 3 Unit Apartment Building Offered at $585,641 CAD at a 6.05% Cap Rate Cedaredge, CO 81413

This well-maintained multi-tenant residential property, built in 2003, is ideally located in the heart of downtown Cedaredge and is fully leased. Offering exceptional flexibility, this investment property presents multiple opportunities — continue generating rental income, live in one unit while renting the others, or accommodate multi-generational living.
Currently configured and rented as a duplex, the property is already set up for easy conversion to a triplex with the addition of a studio apartment and a stackable washer and dryer for the upstairs unit.
Recent upgrades to the apartments enhance both comfort and appeal, while private parking spaces and fenced private yards add convenience for tenants. The property is adjacent to a pocket park honoring local Veterans and is within walking distance to downtown shops, restaurants, and amenities. A detailed list of improvements is available upon request.
Offered at a 6% CAP rate, this turnkey, income-producing property is an excellent investment opportunity. Showings are available with the Listing Broker and require a 48-hour notice to tenants.
Priced at: $425,000.00