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Property view

1231 N 23rd Street, 
Grand Junction, CO 81501

$1,800,000


14

Beds


14

Baths


5,544

Sq Ft


Multi-Family

Sold

Listed by

Rachel Justman

Century 21 Caprock Real Estate

970-257-0500

MLS#

20244313

Source:

CO GJARA

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About This Home

1231 N 23rd Street

100% OCCUPIED! This recently renovated 14-unit apartment complex is an excellent investment opportunity, featuring 14 brand-new studio apartments. Formerly an office complex, the building has been fully converted into high-quality residential units designed for modern, comfortable living. Each unit is currently leased at $1,100 per month, with tenants responsible for their own electricity. Projected to perform at a 7 CAP. The building is highly energy-efficient, with most systems powered by electricity, including brand-new mini-split HVAC systems installed throughout each unit. Solar panels help offset overall energy costs, making it even more efficient. A shared laundry room is available for tenant convenience, and the low-maintenance exterior ensures easy upkeep. The property also comes with a one-year warranty on all recent construction, offering added peace of mind for new ownership. This turn-key complex presents an ideal opportunity for investors seeking a modern, energy-efficient property with stable rental income. Call today to schedule a showing! Terms deemed reliable but not guaranteed, terms subject to change without notice.

Home Facts

Multi-Family

14 Baths

14 Bedrooms

Built in 1977

Price Summary

1,800,000

$324 per Sq. Ft.

MLS #:

20244313

Sold:

December 2, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

14

Bathrooms

Total Bathrooms:

14

Full Bathrooms:

14

Interior

Living Area:

5,544 Sq. Ft.


Structure

Structure

Building Area:

5,544 Sq. Ft.

Year Built:

1977


Lot

Lot Size (Sq. Ft):

10,018


Finances & Disclosures

Finances

Price:

$1,800,000

Price per Sq. Ft:

$324 per Sq. Ft.

Source:CO GJARA
The information being provided by Grand Junction Area REALTORS Association is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Grand Junction Area REALTORS Association All rights reserved.