Fruita Multifamily Investment
804 & 812 W Cedar Court, Fruita, CO 81521
- Added:
- Oct 17, 2025
- Days on Market:
- 232
- Last Refresh:
- Jun 5 at 2:06 am
Property Features for 804 & 812 W Cedar Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 7, Bedroom 4, Bathroom 3, Bathroom 7, Bathroom 1, Bedroom 15, Bedroom 8, Bedroom 3, Bedroom 9, Bedroom 11, Bathroom 4, Bathroom 2, Bathroom 6, Bedroom 2, Bedroom 1, Bedroom 10, Bedroom 13, Bathroom 5, Bedroom 16, Bedroom 14, Bedroom 5, Bedroom 12, Bathroom 8, Bedroom 6
- Parking features
- Assigned
- Patio and Porch features
- Patio, Deck
- Interior features
- CeilingFans, LaminateCounters, WindowTreatments
- Appliances
- Dishwasher, ElectricOven, ElectricRange, Disposal, Refrigerator
- Standard status
- Pending
- APN
- 2697-174-33-001/002
- Size
- 8,176 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6504
Utilities
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1995
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Vinyl, Simulatedwood, Carpet, Laminate
- Building materials
- BrickVeneer, VinylSiding, WoodFrame
- Roof type
- Asphalt, Composition
- Architectural style
- Other
Listing agent The Danny Kuta Team (970) 250-3844
Listing office RE/MAX 4000, INC 120 W PARK DR STE 200, GRAND JUNCTION, CO (970) 241-4000
Listing date Oct 17, 2025
MLS# 20254955
Listing URL
Copyright © 2026 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.
HighLights
- Two separate 4‑unit multifamily buildings (8 units total), each with 2 bedrooms and 1 bath
- All eight units are approximately 1,022 SF and have in‑unit washer/dryer hookups
- All units currently leased at $1,100 per month; no HOA reported
- Tenants pay individually metered gas and electric; owner covers water, sewer, and trash
- Recent updates: wood laminate flooring in 6 of 8 units; water heater replacements in 6 of 8 units
- Roof replaced approximately 11–12 years ago; Year built 1995
Overview
This multifamily investment opportunity is located in Fruita, near schools, shopping, and downtown. The property consists of two separate four-unit buildings, totaling eight units, with no HOA. Each unit features two bedrooms and one bathroom, with an approximate area of 1,022 square feet, and includes in-unit washer and dryer hookups. All units are currently leased at $1,100 per month. Tenants are responsible for individually metered gas and electric, while the owner covers water, sewer, and trash expenses. Recent updates include wood laminate flooring in six of the eight units, with the remaining two units having older carpet. Six of the eight units have had their water heaters replaced. The roof was replaced approximately 11-12 years ago. The property has a lot size of 0.19 acres and a total building size of 8,176 square feet. The seller prefers to sell both buildings together but may consider selling individually with the right offer.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.2k | $18.00 |
| − Vacancy | −$11.4k | −$1.40 |
| EGI | $135.8k | $16.61 |
| − OpEx | −$61.1k | −$7.47 |
| NOI | $74.7k | $9.13 |
8,176 SF · lease $18.00/SF/yr · vacancy 7.75% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$933.4K – $1.24M
NOI $74,669 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$15.52M
$13.58M – $18.10M
NOI $1,086,100 @ 7.0% cap · market cap 85.52%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Fruita
- County
- Mesa
- State
- Colorado
- Longitude
- -108.720859
- Latitude
- 39.150628
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property near schools, shopping, and downtown Fruita.
Where is this apartment building located?
The property is located at 804 & 812 W Cedar Court Fruita, CO.
What is the asking price?
The asking price for this property is $1,270,000.
What are key features of this property?
This property features: Two separate 4‑unit multifamily buildings (8 units total), each with 2 bedrooms and 1 bath; All eight units are approximately 1,022 SF and have in‑unit washer/dryer hookups; All units currently leased at $1,100 per month; no HOA reported
