8-Unit Apartment
For Sale
$1,270,000
804 & 812 W Cedar Court, Fruita, CO 81521
Two separate buildings provide eight leased residences, each with in-unit washer and dryer hookups.
Property Size8,176 SF
Price / SF$155.33
Days on Market377
Property Features for 804 & 812 W Cedar Court
General Information
Standard status
Active
Size
8,176 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Individually Metered Utilities
gas, electricity
Additional Details
Gross Income
$106,800
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,118
Amenities
室内洗衣干衣机接口
Building Details
Building Size
8,176 SF
Year Built
1995
Buildings
2
Listing Agency:
RE/MAX 4000, INC
Listed By:
THE DANNY KUTA TEAM · License #3193
(970) 250-3844
Source:
Thevangundygroup
Added: Oct 17, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 4000, INC
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Investment Insights
Based on property information with market context.
This multifamily property comprises two four-unit buildings with eight residences in total. Each apartment has two bedrooms, one bathroom, and in-unit washer and dryer hookups. Six units have wood laminate flooring, while two retain older carpet. Seven water heaters have been replaced, and the roof dates to approximately 11–12 years ago. The buildings were constructed in 1995, and there is no HOA.
All eight apartments are leased. Gas and electricity are separately metered and paid by tenants; the owner covers water, sewer, and trash. The property is in Fruita, near schools, shopping, and Downtown Fruita.
All eight apartments are leased. Gas and electricity are separately metered and paid by tenants; the owner covers water, sewer, and trash. The property is in Fruita, near schools, shopping, and Downtown Fruita.
Key Highlights
- Two buildings, each containing four apartments; eight units total
- All eight units are leased
- Each apartment has 2 bedrooms, 1 bathroom, and washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,669
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,380
$1.5M
Cap Rate 7%
$1,066,700
$1.1M
Cap Rate 9%
$829,656
$829.7K
Market Conditions
NOI Build-Up for 8,176 SF
Gross rent
$147.2K $18.00/SF
− Vacancy
−$11.4K −$1.40/SF
EGI
$135.8K $16.61/SF
− OpEx
−$61.1K −$7.47/SF
NOI
$74.7K $9.13/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,380
Cap Rate 7%
$1,066,700
Cap Rate 9%
$829,656
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 81521, CO
16,446
Population
6,531
Households
2.5
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
181.6 sq mi
ZIP Area
91
Density / Sq Mi
$82,632
Median Household Income
$41,801
Median Earnings
$1,249
Median Rent
$385,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate buildings provide eight leased residences, each with in-unit washer and dryer hookups.
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 buildings, each containing four apartments; eight units total; All eight units are leased; Each apartment has 2 bedrooms, 1 bathroom, and washer/dryer hookups
