MULTI_FAMILY - Ranch - Grand Junction, CO
Rare Redlands Duplex Investment Opportunity! Each side features 3 bedrooms, 2 bathrooms, and a 1-car garage across 1,212 sq ft. Built in 1983 and updated with new vinyl siding (2024). Sitting on nearly 1/2 acre, each unit offers privacy, off-street parking, and outdoor space. Currently delivering a 5.1% cap rate with rents below market, this property offers major upside potential. One unit is month-to-month and the other will be vacant Dec 1, creating flexibility for investors or buyers wanting to live in one and rent the other. Tenants pay all utilities, keeping owner expenses low. Prime Redlands location near Hwy 340, the Colorado National Monument, shopping and restaurants. A rare find in today's market-ideal for investors, house hackers, or anyone seeking a strong income property with long-term growth potential.
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