2045 Bunting Avenue Grand Junction, CO 81501
MULTI_FAMILY - Ranch - Grand Junction, CO
Property Features for 2045 Bunting Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 4, Bathroom 4
- Pets allowed
- Yes
- Exterior features
- DogRun, Shed
- Appliances
- Dishwasher, ElectricOven, ElectricRange, Disposal, Refrigerator, RangeHood
- Standard status
- Active
- APN
- 2945-124-25-011
- Size
- 2,989 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2023
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl, Laminate, Carpet
- Building materials
- BrickVeneer, WoodSiding, WoodFrame
- Roof type
- Asphalt, Composition
- Architectural style
- Ranch
- Additional Structures
- Shed(s)
Listing agent Kyle Serrano License #II100075682 (970) 778-0796
Listing office VENTURE GROUP 627 24 1/2 RD UNIT D, GRAND JUNCTION, CO (970) 892-2200
Listing date Jul 15, 2026
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.
Investment Insights
Based on property information with market context.
The property has seen several recent improvements, including new exterior paint and all new showers throughout. Two of the four units have been fully remodeled within the last couple of years, with updates such as new paint, flooring, fixtures, vanities, showers, and countertops.
Located in Grand Junction, the property is less than half a mile from CMU and near a new car wash built on North Avenue. The units are described as fully leased, with a stated current cap rate of 7.31% and a pro-forma cap rate of 8.22+%.
Key Highlights
- Fully leased 4‑plex in the heart of town, less than 1/2 mile from CMU
- Current cap rate of 7.31% with a pro‑forma cap rate of 8.22+%
- Separate storage building included with 5 storage units (one for each tenant plus one for owner/maintenance)
Local Financial Insights For Multifamily LT 5
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 | $45.9k | $15.36 |
| − Vacancy | −$3.4k | −$1.15 |
| EGI | $42.5k | $14.21 |
| − OpEx | −$12.7k | −$4.26 |
| NOI | $29.7k | $9.95 |
