285 S GRAND MESA DR Cedaredge, CO 81413

Building Details

Year Built

2003

Listing Agency Grand Mesa Real Estate Services l***@GrandMesaCre.com Show Phone

Listed by Lucinda Stanley · License #CO 100029019

Source Crexi

Added: May 21 Checked: Jul 17 at 4:39 am

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Investment Insights

Based on property information with market context.

This well-maintained multi-tenant residential property, constructed in 2003, is situated in downtown Cedaredge and is currently fully leased. The property offers flexibility as an investment opportunity to continue generating rental income, live in one unit while renting the others, or accommodate multi-generational living. Configured and rented as a duplex, the property is set up for 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 comfort and appeal. 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. The property size is 3245 square feet. This income-producing property is an excellent investment opportunity.

Key Highlights

• Turnkey, income‑producing property offered at a 6% CAP rate.
• Located in the heart of downtown Cedaredge, within walking distance to shops, restaurants, and amenities.
• Potential for easy conversion to a triplex with minimal effort.

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FAQs

What type of property is this?

Duplex - Well-maintained, fully leased property in downtown Cedaredge with conversion potential.

Where is this duplex located?

The property is located at 285 S GRAND MESA DR Cedaredge, CO.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Turnkey, income‑producing property offered at a **6% CAP rate**.; Located in the heart of downtown Cedaredge, within walking distance to shops, restaurants, and amenities.; Potential for easy conversion to a triplex with minimal effort.